Started the problem but I am having trouble with it and I do not know if the work I did is correct or not. I need to review this problem for my final.
See Attached File
Modern Advanced Accounting
Publisher: McGraw-Hill/Irwin; 10 edition
This solution contains the Balance of Intercompany Investment Income Ledger account and balance of Investment in Scate Company Common Stock ledger account on June 30, 2006.