Student Exam As part of the acquisition agreement, Akron Corporation agrees to pay the former shareholders of Cleveland Company $0.

a) What amount should Elio Co. report on its income statement related to these securities? b) Would your answer change if all of the securities were sold at the end of 2014? Explain. For part a: (Show your work, i.e. what numbers were added, subtracted, multiplied or divided to arrive at your solution). Partial credit is given for responses to this question IF supporting calculations are provided.