On 1/1/xx, Company A purchases 100% of Company B for $100,000 cash. On 12/31/xx, Company B realizes profit of $20,000 and pays dividends of $5,000. Using the ACT470_Mod01-Option01.xlsx Excel spreadsheet in the Module 1 folder, you are to: Prepare all required entries for Company A associated with the above activities utilizing the equity method. Determine the balance in Company A’s investment account at the end of the year. Highlight the 12/31/xx balance in yellow. g

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