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please do 3 requirments if possible thank you! Suppose that on January 6, 2018 Excel Moton paid $80,000,000 to 35.veert in Curiae Motors. Excel has

please do 3 requirments if possible thank you! image text in transcribed
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Suppose that on January 6, 2018 Excel Moton paid $80,000,000 to 35.veert in Curiae Motors. Excel has significant influence over Carriage after the purchase. Aasume Cartagenamed net income of $50.000.000 and paid cash didende of $20.000.000 to all outstanding stockholders during 2018. un lotutanding stock in voting stock) Read the tirements Requirement. What med odle Moton me to count for the investment in Cartage Moton? Give your reaching Exo Motorboot use the method to account fort investment in Cartage Motors cause the investment 1. What method should Excel Motors use to account for the investment in Carriage Motors? Give your reasoning. 2. Journalize all required 2018 transactions related to Excel Motors's Carriage investment. Include an explanation for each entry 3. Post all 2018 transactions to the investment T-account. What is its balance after all the transactions are posted? How would this balance be classified on the balance sheet dated December 31, 2018

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