8 value: 1.00 points Company A purchased a certain number of Company B's outstanding voting shares at $23 per share as a long-term investment. Company B had outstanding 34,000 shares of $13 par value stock. Fair Value Method Equity Method For b, e, f, and g, assume the following Number of shares acquired of Company B stock Net income reported by Company B in first year Dividends declared by Company B in first year Market price at end of first year, Company B stock 5,100 $ 66,000 S 19,000 20 8,500 S 66,000 S 19,000 20 Complete the following table relating to the measurement and reporting by Company A after acquisition of the shares of Company B stock. a. What level of ownership by Company A of Company B is required to apply the method? l of Equity Fair value method Equity method b. At acquisition, the investment account on the books of Company A should be debited at what amount? Amount Fair value method Equity method