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On January 1, 2019, Frosty Co. acquired all of the common stock of Snowman Corp. In 2019, Snowman had net income of $625,000 and paid

On January 1, 2019, Frosty Co. acquired all of the common stock of Snowman Corp. In 2019, Snowman had net income of $625,000 and paid dividends of $471,000. Amortization of the patent allocation that was included in the acquisition was $19,000. The difference in Frosty's income in 2019 with regard to the effect of the investment, between using the partial equity method or using the initialmethod of internal recordkeeping is

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