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Several years later, Better Bottlers' December 31, 2014 retained earnings balance is $20 million. For 2014, it reported net income of $2 million and paid
Several years later, Better Bottlers' December 31, 2014 retained earnings balance is $20 million. For 2014, it reported net income of $2 million and paid $520,000 in dividends. For all answers below, enter the complete figures using all zeros. For example, $1 million should be entered as 1,000,000. (a) Prepare the 2014 entries to report the above information on Best Beverages' books. Note: Enter answers using all zeros. Do not abbreviate in millions or thousands. (b) Calculate the Investment in Better Bottlers balance, reported on Best Beverages' December 31, 2014 balance sheet. Note: Enter answers using all zeros. Do not abbreviate in millions or thousands
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