#12 The summarized balance sheets of ROSE N' Company and GARDEN Company as of December 31, 2021, are as follows: ROSE N' Company Balance Sheet December 31, 2021 Assets $2000000 Liabilities $220000...

#12

The summarized balance sheets of ROSE N' Company and GARDEN Company as of December 31, 2021, are as follows:

If ROSE N' Company acquired a 30% interest in GARDEN Company on December 31, 2021 for $350000 and the equity method of accounting for the investment were used, the amount of the debit to Equity Investments (GARDEN) would have been