On January 2, 2024, Miller Propertles paid \$19 million for 1 million shares of Marlon Company's 6 million outstanding common shares. Miller's CEO became a member of Marlon's board of directors during the first quarter of 2024. The carrylng amount of Marlon's net assets was $72 million. Miller estlmated the falr value of those net assets to be the same except for a patent valued at $36 million above cost. The remaining amortization perlod for the patent is 10 years. Marlon reported earnings of $27 million and pald dividends of $6 million durlng 2024. On December 31, 2024, Marlon's common stock was trading on the NYSE at $18.50 per share. Required: 2. Assume Miller accounts for Its Investment In Marlon using the equity method. Ignoring Income taxes, determine the amounts related to the Investment to be reported In Its 2024 . Note: Do not round Intermedlate calculatlons. Enter all amounts as positive values. Enter your answers In millilons rounded to 1 decimal place, (l.e., 5,500,000 should be entered as 5.5)
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