Brief Exercise 12-9 Hiroole Inc., a publicly traded company, purchased 30% of Dong Ltd.'s common shares for $229,000 on January 1. During the year, Dong reported net income of $315,000 and declared and paid dividends of $38,000. The investment's fair value at December 31 was $274,000, the company's year end. Determine the accounts and balances that would appear on the income statement at the end of the current year, and identify where those accounts are presented on that statement assuming (a) there is significant influence and the equity method is used, (b) the investment is accounted for under the fair value through profit or loss (FVTPL) model, and (c) the investment is accounted for under the cost model. (a) Significant Influence Equity Method (b) No-Significant Influence FVTPL Model (c) Cost Model Statement of Financial Position: Long-term investments $ $ s Income Statement: Other revenues and expenses Dividend revenue Income from associates Unrealized gain on long-term investments