At December $31,2023,$ Zip reports a net book value of $$294,000.$ Akron attributed any excess of its $30$ percent share of Zip's fair over

book value to its share of Zip's franchise agreements. The franchise agreements had a remaining life of $10$ years at December $31,$

Required:

a$.$ Assume Akron applies the equity method to its Investment in Zip account:

What amount of equity income should Akron report for $2024?$

On Akron's December $31,2024,$ balance sheet, what amount is reported for the Investment in Zip account?

b$.$ Assume Akron uses fair$-$value accounting for its Investment in Zip account:

What amount of income from its investment in Zip should Akron report for $2024?$

On Akron's December $31,2024,$ balance sheet, what amount is reported for the Investment in Zip account?