Problem 12-14 Equity Method [LO12-6, 12-7) On January 2, 2018, Miller Properties paid $29 million for 1 milion shares of Martion Company's 6 mion outstanding common shares Miller's CEO became a member of Marton's board of directors during the first quarter of 2018 The carrying amount of Marion's net assets was $122 million Miler estimated the fair value of those net assets to be the same excopt for a petent valued at $24 million above cost. The remaining amortization period for the petent is 10 yeers Marion reported eermings of $57 million and paid dividends of $9 million during 2018 On December 31, 2018, Marlon's common st was trading on the NYSE at $28.50 per share. Required: 2. Assume Miller accounts for its investment in Marion using the equity method ignoring income taxes, determine the amounts r to the investment to be reported in its 2018 (Do not round intermedinte celculations. Enter your answers in millions rounded to t decimal places, lie. 5,500,000 should be entered as 5.5)) i related a income statement b | Balance sheet C Stabement of cash lows Operating cash flow nvesting cach fiow