On its December 31, 2018, consolidated balance sheet, what amount should Phoenix report for Sedonas customer list?

Required information On January 1, 2016, Phoenix Co. acquired 100 percent of the outstanding voting shares of Sedona Inc. for $626,000 cash. At January 1, 2016. Sedona's net assets had a total carrying amount of $438,200. Equipment (eight-year remaining life) was undervalued on Sedona's financial records by $86,000. Any remaining excess fair over book value was attributed to a customer list developed by Sedona (four-year remaining life). but not recorded on its books. Phoenix applies the equity method to account for its investment in Sedona. Each year since the acquisition, Sedona has declared a $31,000 dividend Sedona recorded net income of $73,000 in 2016 and $92.200 in 2017. Selected account balances from the two companies individual records were as follows: Phoenix s 2018 Revenues $ 650, 000 $ 304. 400 2018 Expenses 436, 006 202, 800 2018 Income from Sedona Retained earnings 12/31/10 66, 206 346, 206 204,300 hoenix report for Sedona's customer list? Multiple Cho O $ 10 180 O