Acadia Company purchased 25% of Shenandoah Company on January 1 for $200,000. No allocation to goodwill or any other assets or liabilities was made. As a result of this purchase Acadia has significance influence over Shenandoah. During the year Shenandoah had income of $60,000 and paid a $16,000 dividends. Under the Equity Method, what is the balance in the Investment In Shenandoah Company account in Acadia financial records as of December 31?

a. 244,000

b. 260,000

c. 200,000

d. 211,000

2. Under the Equity Method, what is the amount in the Income from Investment in Shenandoah account in Acadia financial records as of December 31?

a. 60,000

b. 16,000

c. 15,000

d. 11,000