Can you please help me and provide the excel formulas for this problem I have tried to compute it and i am getting a different solution then what I have. Please help thank you 

On January 1, 2021, Acme Co. is considering purchasing a 40 percent ownership interest in PHC Co., a privately held enterprise, for $700,000. PHC predicts its profit will be $185,000 in 2021, projects a 10 percent annualincrease in profits in each of the next four years, and expects to pay a steady annual dividend of $30,000 for the foreseeable future. Because PHC has on its books a patent that is undervalued by $375,000, Acme realizes that itwill have an additional amortization expense of $15,000 per year over the next 10 years—the patent's estimated remaining useful life. All of PHC's other assets and liabilities have book values that approximate market values.Acme uses the equity method for its investment in PHC. Required 1 . Using an Excel spreadsheet, set the following values in cells: = Acme's cost of investment in PHC.= Percentage acquired. = First-year PHC reported income. + Projected growth rate in income » PHC annual dividends. = Annual excess patent amortization. Referring to the values in (1), prepare the following schedules using columns for the years 2021 through 2025 = Acme's equity in PHC earnings with rows showing these:* Acme's share of PHC reported income.« Amortization expense.= Acme's equity in PHC earnings. * Acme's Investment in PHC balance with rows showing the following= Beginning balance« Equity earnings.* Dividends= Ending balance.= Return on beginning investment balance = Equity earnings/Beginning investment balance in each year. page 36