Pavin acquires all of Stabler's outstanding shares on January 1 2015. for $500.000 in cash. Of this amount, $34.000 was attributed to equipment with a 10-year remaining life and $44.000 was assigned to trademarks expensed over a 20-year period. Pavin applies the partial equity method so that income is accrued each period based solely on the earnings reported by the subsidiary On January 1, 2018. Pavin reports $340,000 in bonds outstanding with a carrying amount of $320,400, Stabler purchases half of these bonds on the open market for $165,100. During 2018. Pavin begins to sell merchandise to Stabler. During that year, inventory costing $96,000 was transferred at a price of $120,000. All but $14.000 (at sales price) of these goods were tesold to outside parties by year-end. Stabler still owes $37.000 for Inventory shipped from Pavin during December The following financial figures are for the two companies for the year ending December 31, 2018. Dividends were both declared and paid during the current year. $ Pavi (752,000) 499,000 129,00 40,000 Stabler $(513,000) 244,000 162.500 (19.100 e Revums Cost of boods sold Expenses Interest expense-bonds Interest incon bond investment xtinguishment of bonds Equity in stablerts Incone Net Enco Relearning. 11/1 Net into DIV di 12/31/18 IVA vo Investint tabler Hind Can buntut $ 225 600 (249,600) 349.000 (289.660) 159.000 (4392600) 221.00 129.000 15.600 (1256) 1 369.000) (125.640 81000 (41.640) 3 39.000 91.000 $ 3 16,000 145,000 240.000