On January 2, 2018, Miller Properties paid $19 million for 1 million shares of Marlon Company's 6 million outstanding common shares. Miller's CEO became a member of Marlon's board of directors during the first quarter of 2018. The carrying amount of Marlon's net assets was $66 million. Miller estimated the fair value of those net assets to be the same except for a patent valued at $24 million above cost. The remaining amortization period for the patent is 10 years. Marlon reported earnings of $12 million and paid dividends of $6 million during 2018. On December 31, 2018, Marlon's common stock was trading on the NYSE at $18.50 per share. Required: 2. Assume Miller accounts for its investment in Marlon using the equity method. Ignoring income taxes, determine the amounts related to the investment to be reported in its 2018 (Do not round intermediate calculations. Enter your answers in millions rounded to 1 decimal places, (i.e., 5,500,000 should be entered as 5.5).):

Homework ch 12 part 2 6 Saved 4 On January 2, 2018, Miller Properties paid $19 million for 1 million shares of Marlon Company's 6 million outstanding common shares. Miller's CEO became a member of Marlon's board of directors during the first quarter of 2018. 16.66 Points The carrying amount of Marlon's net assets was $66 million. Miller estimated the fair value of those net assets to be the same except for a patent valued at $24 million above cost. The remaining amortization period for the patent is 10 years. Marlon reported earnings of $12 million and paid dividends of $6 million during 2018. On December 31, 2018, Marlon's common stock was trading on the NYSE at $18.50 per share. Sklpped Requlred 2. Assume Miller accounts for its investment in Marion using the equity method. Ignoring income taxes, determine the amounts related to the investm ent to be reported in its 2018 (Dnot round intermediate calculations. Enter your on swers in millons rounded to 1 decimal places, (l.e., 3,500,000 should be entered as 5.3 eBook Ask income statement million b. Belance sheet million Print c. Statement of cash flows Operating cash flow Investing cash flow million 0 million