Problem 1 Software Corporation acquires 40% of Computer Corporation's voting stock on January 3, 2020 for $40 million in cash. Computer's net assets were fairly reported at $100 million at the date of acquisition. During 2020. Software Corp. sells $130 million in merchandise to Computer Corp. at a markup of 30% on cost Computer Corp. still holds $26 million of this merchandise in its ending inventory Also during 2020. Computer Corp. sells $54 million in merchandise to Software Corporation at a mark up of 20% of cost Software Corporation still holds $12 million of this merchandise in its ending inventory. Computer Corp. reports 2020 net income of $10 million and declared and paid dividends of $1 million. Required a. Calculate Software's equity in Computer's net income for 2020. You need to provide a table that explicitly shows how you determined this amount. b. Calculate Software's investment balance at the end of 2020. You need to provide a table that explicitly shows how you determined this amount