What is carrying amount of the investment in sub account

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Question - Par Inc purchased 68.77% of Sub Corp's total outstanding voting shares for $218,967 on January 1, Year 3. The carrying value of Sub's identifiable net assets was $187,686 on that date. All of Sub's assets and liabilities had their fair values and carrying values the same, except for a Patent whose fair value was $31,282 higher on the date of acquisition. On the next day, Par sold 8.13% of its Sub shares on the open market for $36,131. What is the carrying amount of the 'Investment in Sub' account on Par's balance sheet immediately after the sale on the next day if Par uses the equity method?

Reference no: EM133067426

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