1 Grace Company owns 15% of the common stock of Tarek Corporation and used the fair- value method to account for this investment. Tarek Inc reported net income of $110,000 for 2008 and paid dividends of $60,000 on October 1, 2008. How much income should Grace Inc recognize on this investment in 2008? * (2 Points) Enter your answer 2 Y Inc. owns 30% of the common stock of D Co. and uses the equity method to account for the investment. During 2008, D Inc reported income of $250,000 and paid dividends of $80,000. There is no amortization associated with the investment. During 2008, how much income should Y Inc. recognize related to this investment? (2 Points) Enter your