The following data, presented in alphabetical order, are taken from the records of Nieto Corporation Accounts payable $ 250,000 Accounts receivable 90,000 Accumulated depreciation--buildings 180,000 Accumulated depreciation--equipment 52,000 Allowance for doubtful accounts 6,000 Bonds payable (10%, due 2025) 400,000 Buildings 900,000 Cash 142.000 Discount on bonds payable 20.000 Equipment 275,000 Goodwill 150.000 Inventory 170,000 Investment in Tabares, Inc. stock (22% ownership) 600,000 Land 520,000 Notes payable (due 2018) 70.000 Patents 50,000 Prepaid insurance 16,000 Salaries payable 23,000 Short-term investment 185.000 1.Give three main reasons why companies like Nieto Corp. invests in other companies. (3 pts) 2. What kind of investment does Nieto Corp, hold in Tabares, Inc. ? Debt or equity investment? Explain the difference between debt and equity investment. (3 pts) 3.Given the percentage ownership on Tabares, Inc., can Nieto Corp. exercise influence or control over the management of Tabares, Inc.? (2 pts) 4.If Bonds Payable were issued at a premium of $20,000, what should Total Liabilities show as a total? USE THE DATA TAKEN FROM THE RECORDS OF NIETO CORP AND SHOW CALCULATION (Spts) 5.If Bonds Payable were issued at face value, what should Total Liabilities show as a total? USE THE DATA TAKEN FROM THE RECORDS OF NIETO CORP AND SHOW CALCULATION (Spts)