on january 1 2013 carlos corporation purchases 90 18000 shares of the outstanding common stock of dower company for 504000/
Required
Prepare the determination and distribution of excess schedule for Carlos Corporation purchase of Dower Company common stock on January 1, 2013. Then, prepare all the entries on Carlos books needed to reflect the changes in its investment account from January 1, 2017, to
December 31, 2017.

