At the beginning of the year, Fairbridge, Inc. purchased an investment in Miller Milling Mills for $500,000, representing 10% of the book value of Miller. During the year, Miller reported net income of $800,000 and pays cash dividends of $92,000. At the end of the year, the fair value of Fairbridge's investment is $525,000. 1. At what amount is the investment reported on Fairbridge's balance sheet at year-end? 2. What amount of income from investments does Fairbridge report? 3. Prepare journal entries to record the transactions for Fairbridge Company. Please help me with how you calculated the answer. Thank you!