On January 1, 2020, Jumper Co. acquired all of the common stock of Cable Corp. for $540,000. Annual amortization associated with the acquisition amounted to $1,800. During 2020, Cable recognized net income of $54,000 and paid dividends of $24,000. Cable's net income and dividends for 2021 were $86,000 and $24,000, respectively.   Required: Assuming that Jumper decided to use the partial equity method, prepare a schedule to show the balance in the investment account at the end of 2021.

Fizzy Inc. acquired 25% of the stock of Bubbly Inc. at the beginning of 2022 for $5,000,000, and reports the investment using the equity method. There is no basis difference, and no intercompany transactions. Bubb ly's retained earnings increased by $800,000 in the two years since acquisition, and its AOCI increased by $20,000. Bubbly declared and paid dividends of $300,000 during this time. What amount does Fizzy report for its investment in Bubbly at the end of 2022? O a. 5,205,000 Ob.5,130,000 O c. 5,125,000 O d. 5,200,00

On May 31, 2021, Oriole Company paid $3,675,000 to acquire all of the common stock of Pharoah Corporation, which became a division of Oriole. Pharoah reported the following balance sheet at the time of the acquisition: Current assets   $  945,000   Current liabilities   $  630,000 Noncurrent assets   2,835,000   Long-term liabilities   525,000         Stockholder's equity   2,625,000 Total assets   $3,780,000   Total liabilities and  stockholder's equity   $3,780,000 It was determined at the date of the purchase that the fair value of the identifiable net assets of Pharoah was $3,255,000. At December 31, 2021, Pharoah reports the following balance sheet information: Current assets   $  840,000     Noncurrent assets (including goodwill recognized in purchase)   2,520,000     Current liabilities   (735,000 )   Long-term liabilities   (525,000 )   Net assets   $2,100,000     It is determined that the fair value of the Pharoah division is $2,310,000.…