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please solve questions On January 1, 2020, Coldspring Corp. paid 770,000 to acquire Whitt Co. Coldspring used the equity method to account for the investment.

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On January 1, 2020, Coldspring Corp. paid 770,000 to acquire Whitt Co. Coldspring used the equity method to account for the investment. The following information is available for the assets, liabilities, and stockholders' equity accounts of Whitt: Value Book Fair Current Assets 95,000 95,000 Land 95,000 120,000 Building (20 year life) 255,000 310,000 Equipment (5 year life) 185,000 190,000 Current liabilities 40,000 40,000 Long-term liabilities 65,000 65,000 Common Stock 140,000 Additional paid-in capital 300,000 Retained earnings 210,000 Whitt earned net income for 2020 of 125,000 and paid dividends of 18,000 during the year. What is the AAP amortization expense for 2020? 3,750 For 2020, what is the balance in Equity Income on Coldspring's books? If Coldspring had income from its own operations of 425,500 in 2020 what would be consolidated net income

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