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Emily Corporation purchased all of Ace Company's common stock on January 1, 2020, for 1,200,000 cash. The investee's stockholders' equity amounted to 400,000. The excess of 800,000 was due to an unrecorded patent with a five-year life. In 2020, Ace reported net income of 250,000 and paid dividends of 25,000. For 2020 what amount of Equity Income will Emily show on the trial balance prepared for the consolidation. What amount of goodwill will be reported on the consolidated financial statements? III What is the balance in the pre-consolidation Investment Account? What amount will be reported for Patent on Emily's pre-consolidated financial statements. What amount will be reported for Patent on Emily's post-consolidated financial statements