On Jonuary $1,2024,$ Pine Compary owns $40$ percent $44,000$ shanes$)$ of Seacent, incorporated, which it purchased several years ago for $$2M200.$ Since the date of acquisition, the equity method has been propelly acplied, and the carying amount of the invellament account as of January $1,2024,$ is $$213,800.$ Excess patent cost amortiation of $$75200$ is mall beting recognized each year Ouring $2024,$ Seacrest reports net income of $$366\mathrm{.}000$ and a $$132\mathrm{.}000$ other comperhensive loss, both incurred uniformly throughout she year. No didiends were dectored during the year. Pine told $8\mathrm{.}805$ shares er Sesuent on Augur $1\mathrm{.}2024,$ for $$105\mathrm{.}336$ in cash. However, Pine retains the ability so significantly influence the investee.

During the last quarter of $2023.$ Phe sold $$51000$ in invertory $($which it had originaly purchased for only $$30\mathrm{.}60$C$)$ to Seacrest. At the end of that fiscal year. Secrest's imentory retained $$11,900($at sales price$)$ of pas merchandise, which was subsequently sold in the frit quarter of $2024.$

Despulted: Semerait

Neter De net reund intermediate calculations. Found your answers so the nearest shaile differ.

$$ Anvwer is cemplete but not entirely correct.

$\backslash$table$[[],[$Exity home,$0,3,104\mathrm{.}804,0],[$Opisensale of nimbrert,$0,1,$Al$.$sis,O$],[$Ofter toepreturelations,$0,1,(52\mathrm{.}800),$O$]]$