Parrot Company purchased 90% of the outstanding voting shares of Sieger Company at the beginning of 2018 for $550,000. At the time of purchase, Song Companys total stockholders equity amounted to $625,000. Income and dividend distributions for Sieger Company from 2018 through 2020 are as follows (please see the table below).

Please use the complete equity method to record the Parrot company's investment. The difference between book value of equity acquired and the value implied by the purchase price was attributed solely to an excess of market over book values of depreciable assets, with a remaining life of 5 years.

	$	2018	2019	2020
Net income (loss)		63,500	52,500	-55,000
Dividend Distribution		25,000	50,000	35,000