Adelphi Corp. purchased 30% equity interest in Little Company on 1/1/20x1 for $120,000. Little reported net incomes, declared dividends and year-end fair values of the investment for the next 5 years after the acquisition. Assume Adelphi purchased Little Corp. by paying the fair amount of price and recognized neither goodwill nor excess of any fair market value over Little's book value of assets. 20x1 20x2 20x3 20x4 20x5 Net Income $100,000 $200,000 $250,000 $300,000 $350,000 Dividends $20,000 $20,000 $20,000 $20,000 $20,000 Year-end value (30%) $125,000 $110,000 $124,000 $140,000 $135,000 If Adelphi cannot exercise significant influence over Little, what is the effect of investment on Adelphi's Income statement in 20x3? Adelphi's Income statement in 20x3? Select one: O a. An increase of $6,000. b. An increase of $69,000. c. An increase of $20,000. d. An increase of $75,000. ** Same information as above" If Adelphi cannot exercise significant influence over Little, what is the amount of investment at the end of 20x4? Select one: a. $120,000 b. $231,000 c. $140,000 d. Some other amount. *Same information as above ** If Adelphi is able to exercise significant influence over Little, what is the amount of investment at the end of 20x4? Select one: a. $120,000 b. $351,000 c. Some other amount. d. $140,000 ** Same information as above ** 11 Adelphi is able to exercise significant influence over Little, what is equity income for 20x5? Select one: a $105,000 b. $330,000 c. $1,000 d. $99,000 ** Same information as above ** If Adelphi used fair value method for this investment, how much will be reported in Adelphi's income statement in 20x5 for the purchase of Little? Select one: a. ($2.000) b. $6,000 C. ($5,000) d. $1,000