ABC Ltd. sells a machine to its 80% owned subsidiary XYC Co. on 1/1/2015. The original cost of the machine was $50,000 and the date of transfer accumulated depreciation of $20,000. The transfer price was $40,000 and the machine had a remaining life of 5 years. ABC Ltd. originally paid $400,000 for its 80% ownership in XYZ Co. on 1/1/2014 and any excess fair value was attributed to goodwill. XYZ Co. posted net income of $30,000 and dividends of $10,000 in 2013 and net income of $60,000 and dividends of $30,000 in 2015.

1) Make the TA and ED entries for 2015, and the *TA entry for 2016.

2) Also, calculate the Investment Account Balance at 12/31/2015.