3. (25 pts) Arami Company purchased common stock in Ramona Company for $400,000. In the current year, Ramona Company reported net income of $50,000 and paid a dividend of $32,000. At the end of the year, the market value of the investment in Ramona Company was $410,000. A) Assume Arami Company owns 10% of the shares of Ramona Company. Arami Company considers the investment to be available-for-sale securities. Show the effects of the transactions above on the accounts of Arami Company using the balance sheet equation. B) Assume Arami Company owns 25% of the shares of Ramona Company. Show the effects of the transactions above on the accounts of Arami Company using the balance sheet equation. 4. (25 pts) The following balances are available for Thompson Company on December 31, 2017: Accumulated depreciation $21,800 Accounts payable 11,200 Accounts receivable 9,800 Additional paid-in capital 24,000 Common stock 6,000 Cash 7,400 Fixed assets 89,400 Interest payable 2,400 Inventory 13,600 Long-term notes payable 28,000 Prepaid rent 2,500 Retained earnings Wages payable 6,400 Prepare a classified balance sheet at December 31, 2017