ry 1, 2009, Davis acquires 30% of the outstanding common stock of Erdman for on Janua 3o $800,000 Davis has signif vis has significant influence. At that date, Erdman had assets with a book value of and liabilities with a book value of $3,000,000. Erdman also had equipment with a $200,000 and a fair value of $500,000, with a remaining useful life of 5 years. In bona Erdman has net income of $200,000 and pays dividends of $80,000. What is amount of equity income recorded by Davis in 2009? n Corp owns 40% of the voting common shares of Ramos Corp and has significant nce. In 2010, Tolson buys inventory costing $100,000 from third parties and then sells it to for $150,000. At the end of 2010, Ramos still has $60,000 inventory on hand. What Ramos amount of unrealized gross profit must Tolson defer in 2010. Show the required entry and amounts Dr. _$ Cr $