Fill in the dollar changes caused in the Investment account and Dividend Revenue or Investment Revenue account

Question:

Fill in the dollar changes caused in the Investment account and Revenue or Investment Revenue account by each of the following transactions, assuming Crane Company uses (a) the fair value method and (b) the equity method for accounting for its investments in Hudson Company.
1. At the beginning of Year 1, Crane bought 30% of Hudson's at its book value. Total book value of all Hudson's was $800,000 on this date
2. During Year 1, Hudson reported $60,000 of net income and paid $30,000 of dividends
3. During Year 2, Hudson reported $30,000 of net income and paid $40,000 of dividends
4. During Year 3, Hudson reported a net loss of $10,000 and paid $5,000 of dividends.
5. Indicate the Year 3 ending balance in the Investment account, and cumulative totals for Years 1, 2, and 3 for revenue and investment revenue
Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...