Question 2 (15 points) Question 8: Equity Method for Investments (15 points) On July 1, 2020, the Marshal Corporation Acquired 30% of the common stock of the Delta Manufacturing Inc. for $81,000,000 in eash and intends to hold this investment for long time. On that date the Balance Sheet of Delta was as follows: Delta distributed cash dividends of $50,000,000 on 10/1/2020 and Reported net income of $80,000,000 on 12/31/2020. Marshal uses the equity method for this investment. All assets of Delta book values are the same as market value except the buildings has a market value of $560,000,000. Delta depreciates fixed assets over 10 years straight line. Required: A. Prepare the journal entries for this investment by Marshal during the year ended 21/31/2020. and the general ledger account of this investment on 12/31/2020. B. Was there any goodwill considered in the purchase price and how much? C. Make the necessary adjustment needed for Marshal to adjust investment income for the market value difference of the buildings