Please show all work and calculations

P13-16 Recording Investments Under the Equity Method Harper Corporation acquired 80,000 of the 200,000 out- O 13.6 standing shares of Moore Corporation on April 1, 2016, for $400,000 and obtained significant influence. The fol- lowing information concerning Moore is available on the date of acquisition: Book Value Fair Value Depreciable assets (remaining life, 15 years)$ Other assets Total Liabilities Common stock Retained earnings Total 500,000 $1,100,000 450,000 $1,150,000 320,000 300.000 250,000 550,000 $1,100,000 Subsequently, Moore paid a cash dividend of $40,000 on August 31, 2016, and reported net income of $155,000 on December 31, 2016 Required: 1. Prepare journal entries for Harper to record the preceding information. 2. What is the balance in Harpe . 3. Prepare Harper's net cash flow from operating activities section of its 2016 statement of cash flows under the indi r's investment account on December 31, 2016? Show all computations rect method, assuming Harper reported $200,000 of net income. Ignore income taxes