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On January 2. 2018, Miller Properties paid $33 million for 1 milion shares of Marion Company's 6 million outstanding common shares Miller's CEO became a

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On January 2. 2018, Miller Properties paid $33 million for 1 milion shares of Marion 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 Marion's net assets was $142 million. Miller estimated the fair value of those net assets to be the same except for a patent valued at $30 million above cost. The remaining amortization period for the patent is years. Marlon reported eamings of $69 million and paid dividends of $3 million during 2018. On December 31, 2018, Marion's common stock was trading on the NYSE at $32.50 per share. Required to the investment to be reported in its 2018 (Do not round accounts for its investment in Marlon using the equity method. Ignoring income taxes, determine the amounts related nces decimal places, (le., 5,mdiate calculations. Enter your answers in millions rounded to 1 decimal places, (i.e., 5,500,000 should be entered as 5.5)) Enter nces a. Income statement b. Balance sheet c. Statement of cash flows million million Operating cash flow investing cash flow million million

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