Based on the following data:1. Gottsbucks paid $500,000 to buy 10,000 shares of Selfie Stick, on January 2, 2018.2. Selfie Stick declared and paid a $1 per share cash dividend on December 15, 2018.3. Selfie Stick reported Net Income of $600,000 for the year ended December 31, 2018.4. The fair (market) value of Selfie Stick stock was $55 per share (total value of 10,000 shares is $550,000) on December 31, 2018.

1. What dollar amount will Gottsbucks show as an asset on its December 31, 2018 Balance Sheet for the Selfie Stick stock, if it owns 10% of the stock of Selfie Stick, and the shares are treated as an Available-for-Sale Security?

2. What total dollar amount of revenues will Gottsbucks show on its Income Statement for 2018 related to the Selfie Stick stock, if it owns 10% of the stock of Selfie Stick, and the shares are treated as an Available-for-Sale Security?

3. What dollar amount will Gottsbucks show as an asset on its December 31, 2018 Balance Sheet for the Selfie Stick stock, if it owns 30% of the stock of Selfie Stick, and the Equity Method is used to account for the shares?

4. What total dollar amount of revenues will Gottsbucks show on its Income Statement for 2018 related to the Selfie Stick stock, if it owns 30% of the stock of Selfie Stick, and the Equity Method is used to account for the shares?

5. What dollar amount will Gottsbucks show as an asset on its December 31, 2018 Balance Sheet for the Selfie Stick stock, if it owns 10% of the stock of Selfie Stick, and the shares are treated as a Trading Security?

6. What total dollar amount of revenues willGottsbucksshow on its Income Statement for 2018 related to theSelfie Stickstock, if it owns 10% of the stock ofSelfie Stick,and the shares are treated as a Trading Security?