Question: Prado, bought Of Company on January l. 2010 for S270.W). The equity method Was used. NO amortization was required. In 2010. Shipped to Prado

Prado, bought Of Company on January l. 2010 for S270.W). The equity

Prado, bought Of Company on January l. 2010 for S270.W). The equity method Was used. NO amortization was required. In 2010. Shipped to Prado merchandise With a COSt Of and a selling price of One-third Of the merchandise remained in Prado'S inventory at year-end and was sold in 2011 In 2011. received merchandise Prado, who a 9rOSS profit Of S24.OOO O-n the sale. One-toutth Of the merchandise remained in ending net Of SSO.OCn in 2010 S 72.000 in 2011 Dividends Of Were paid to Prado each Prepare all equity methcxl entries for 2011 _

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