The Big 4 Holding Company purchased an investment in Smitty Corporation on January 1, 20X1. Help the President understand the financial statement implications of the investment based upon the determination of whether Big 4 Holding Company has significant influence over the company whose shares it acquired. 400,000 40.000 Shares of Smitty Corporation outstanding Shares of Smitty Corporation acquired Fair value per share of Smitty Corporation January 1, 20X1 December 31, 20X1 Smitty Corporation's income for 20X1 100% of the amortization of excess Smitty Corporation's dividends for 20X1 Tax rate $ $ 3.50 4.00 25.000 6,000 5,000 30.00% Not all of the cells in the following chart will have to a number. Leave the cells blank if they are not applicable. MODO DE Passive Interest Trading Available for Sale Equity Income statement amounts (full year 20X1) Income from Subsidiary Dividend income Unrealized gain Balance sheet amounts (12/31/20X1) Investment in Subsidiary Investments Deferred taxes payable Accumulated other comprehensive income