$270,000, and at year-end declared and paid cash dividends of $100,000. On the balance sheet date, the Sampson Financial paid $530,000 for a 35% investment in the common stock of Laker, Inc. For the first year, Laker reported net income fair value of Sampson's investment in Laker stock was $370,000 Read the requirements Requirement 1. Which method is appropriate for Sampson to use in accounting for its investment in Laker? Why? It would be appropriate for Sampson to use the equity method of recording its Investment in Laker, Inc. With a holding of this size, 35% of the common stock, it is probable that Sampson can exercise significant influence on the operations of Laker, Inc. Requirement 2. Show everything that Sampson would report for the investment and any investment revenue in its year-end financial statements. Balance Sheet (partial): Assets Current assets: Long-term investments, at cost Income Statement (partial): Carrying value of Investment Cash method Investment revenue Dividend revenue Equity method investment Equity method investment revenue c Other investments: Other revenue: he input fields and then continue to the next