BIG Co. purchased 30% of the common shares of LTL Co. for $2000. BIG uses the equity method to report the investment.

For 2020 & 2021, LTL reported:

LTL Co.	2020	2021
Net income/(loss)	$800	250
Comprehensive income/(loss)	850	210
Total dividends paid	100	60

At Dec 31, 2021, BIGs management assessed that they would not recover more that $1900 for the LTL investment due to a permanent decline in its value.

Required:

a) What is the value of the investment in LTL presented on the balance sheet of BIG at Dec 31, 2020. Show your calculations.

b) What is equity method income/(loss) reflected in BIGs income before tax for 2021 as a result of this investment? Show your calculations.