(Solved): Equity Method Investment with Intercompany Sales The Coca-Cola Company owns 28 percent of the votan ...

Equity Method Investment with Intercompany Sales The Coca-Cola Company owns 28 percent of the votang stock of Coca-Cola FEMSA, acquired at book value. Assume that Coca-Cola FEMSA reports income of 55 million for 2022. Coca-Cola FEMSA regularly selis canned beverages to Coca-Cola at a markup of 35 percent on cost. During 2022 Coca-Cola FEMSAL sales to Coca-Cola totated 525 million. Coca-Cotas January 1,2022, imventories include \( \$ 1,350,000 \) purchased from Coca-Cola FeMSA. Coca.Cola's December 31,2022 , imventaries include \( \$ 1,215,000 \) purchased from coca-Cola FEMSA Pequired Prepare the 2022 journal entry on Coca-Cola's books to recognize its income from Coca-Cola FEMSA unider the equily method. Riequired Prepare the journal entry Organic juices makes to record its acquisition of Henitiy Snax: Enter answers in millions. Prepare the journal entry Organic juices makes to record its acquisition of Healthy Snax, Enter answers in millions.