QUESTION 2 Use the information below to answer questions 1.5. Magellan Corporation acquired 80 percent ownership of Dipper Corporation on January 1, 20X8, for $200,000. At that date, Dipper reported common stock outstanding of $75,000 and retained earnings of $150,000. The fair value of the noncontrolling interest was $50.000. The differential is assigned to Dipper's equipment. At the date of the business combination, the equipment had a historical cost of $30,000, accumulated depreciation of $12,000, remaining economic life of five years. Dipper reported net income of $40,000 and paid dividends of $20.000 in 20x8 Internally, before the consolidation, Magellan accounts for its investment in Dipper using the equity method 1) Fill in the blank with your calculated amount. Important pote: for fill-the-blank questions, round your number to the nearest unit, not include "." or blank, or "S" in the number or at the end of the number. Eg, write "$3101.6" x 3102, not as 3.102, not as - 3 102, not as "3102", and not as "$3102" After applying the equity method to record the investment in Dipper During 20x8, and before making elimination entries for the consolidation, the ending balance of "Investment in Dipper"- 200000 QUESTION 4 1.5 por 3). At December 31, 20X8. Magellan prepares consolidated financial statements. After making all of the elimination entries, what is the balance of "Noncontrolling interest in Net Assets of Dipper? O A. 49,000 OB.4,000 OC.53,000 O D.O QUESTIONS 1.5 points 4). On January 1, 20X9. right after the consolidation for 20X8, what is the remaining differential assigned to equipment (at net amount)? O A 25,000 O B. 20,000 O c5.000 O D.O QUESTION 6 5) On the consolidated balance sheet for year ended 12/31/20X8, what is the balance of Accumulated Depreciation that is assigned to Dipper's equipment? 0 5,000 17.000 O 12,000