Click Submit to complete this assessment Question 16 Question 16 10 points Save Answ On January 1, Parkway Corporation purchased all of the outstanding common stock of Shaw Company for $220,000 cash. On that date, Shaw's net assets had a book value of $148,000. Equipment with an 8-year life was undervalued by $20.000 in Shaw's financial records, Shaw has developed a database with value of $52,000 and will be amortized over ten years. Selected account balances as of December 31 as follows: Account Parkway Shaw Revenues 250,000 142,500 Expenses 175.000 100,000 Equipment 125.000 60,000 Retained Earnings beginning of the year 150,000 75.500 Dividends Paid 5,000 What should be the Investment in Shaw Company account balance in the records of the Parkway Corporation at December 31, under the following internal reporting methods? show formulas and numbers to support your answers 1. Equity Method: 2- Partial Equity Method: 3. Initial Method 25,000 TTT Ariel (120) G13