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plz answer these two parts of one question asap. Question 4 of 4 10/20 = View Policies Show Attempt History Current Attempt in Progress On

plz answer these two parts of one question asap. image text in transcribed
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Question 4 of 4 10/20 = View Policies Show Attempt History Current Attempt in Progress On January 1, 2021, Sunland Company, a public company, purchased 35% of the common shares of Triple Titanium Inc. for $500,000. The remaining shares (65%) are held by the family members of the company's founder. Sunland considers this a strategic investment and a critical step into developing consumer markets. Triple Titanium is currently a supplier to Sunland, Sunland placed two members on the 10-person board of directors of Triple Titanium and the two members believe they have been influential on the board through the year, Sunland and Triple Titanium both have December 31 year ends. During 2021, Triple Titanium reported profit of $280,000 and paid total dividends of $85,000. n Question 4 of 4 10 Part 3 * Your answer is incorrect. Determine the balance in the investment account on December 31, 2021, and December 31, 2022. 2021 2022 Ending balance $ 431750 $ 105000 e Textbook and Media Save for Later Using multiple attempts will impact your score. 40% score reduction after attempt 4 Attempts: 1 of 5 used Submit Ar Part 4 Question 4 of 4 10/20 Part 4 Show how the investment account and related revenue accounts would be reported on the financial statements for December 31, 2021 SUNLAND COMPANY Balance Sheet (Partial) SUNLAND COMPANY Income Statement (Partial)

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