Glacier Company purchased 30% of denali company on january 1 for 600000. On that date Denali's net assets had a book value of 1,400,000 and a fair market value of 1,800,000. Denali assets and liabilities had book values that equal their fair market value, except for a customer list with no book value and fair market value of 400,000, and a 10 year remaining life. This investment allows Glacier to exercise significant influence over Denali. During the year Denali had income of 150,000 and paid a 30,000 dividends.

1. Under the equity method, what is the balance in the investment in Denali Company account in Glacier financial records as of December 31?

2. Under the equity method, what is the amount in the income from investment in Denali account in Glacier financial records as of December 31?

3. Under the equity method, what amount should Glacier recognize as goodwill?