Aganl Financial paid $540,000 for a 30% Investment in the common stock of Hornet, Inc. For the first year. Hornet reported net income of $250,000, and at year-end declared and paid cash dividends of $100,000. On the balance-sheet date, the fair value of Agan's investment in Hornet stock was $410,000 Read the requirements Requirement 1. Which method is appropriate for Agani to use in accounting for its investment in Hornet? Why? It would be appropriate for Agani to use the w method of recording its Investment in Hornet, Inc. T Requirements 1. Which method is appropriate for Agani to use in accounting for its investment in Hornet? Why? 2. Show everything that Agani would report for the investment and any investment revenue in its year-end financial statements