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tments -graded HW Help Save&Exit Submit Check my work On January 2. 2018, Miller Properties paid $34 million for 1 million shares of Marlon Company's

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tments -graded HW Help Save&Exit Submit Check my work On January 2. 2018, Miller Properties paid $34 million for 1 million shares of Marlon Company's 6 million outstanding common shares. Miller's CEO became a member of Marlon's board of directors during the first quarter of 2018. carrying amount of Marion's net assets was $147 million. Miller estimated the fair value of those net assets to be the same except The for a patent valued at $36 million above cost. The remaining amortization period for the patent is 10 years Marion reported earnings of $72 million and paid dvidends of $6 million during 2018. On December 31, 2018, Martion's common stock was trading on the NYSE at $33.50 per share. Required: to the investment to be reported in its 2018 (Do not round intermediate calculations. Enter your answers in millions rounded to 1 accounts for its investment in Marlon using the equity method. Ignoring income taxes, determine the amounts related decimal places, (i.e., 5,500,000 should be entered as 5.5). a. b. Bal cash flows million

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