Bud Inc. purchased 23% of Coors Corp.'s common stock on January 1, 2020 for $950,000, which was the book value and fair value of the net assets for its share of Coors. For 2020, Bud had net income of $3,790,000 and paid dividends of $2,300,000 before recording any income activity related to its purchase of Coors. For 2020, Coors had net income of $176,000 and paid dividends of $100,000. For 2021, Bud had net income of $3,940,000 and paid dividends of $2,350,000 before recording any income activity related to its purchase of Coors. For 2021, Coors had net income of $940,000 and paid dividends of $400,000. 1. What is the book and fair value of Coors at January 1, 2020? 2. What is the balance at December 31, 2020 of the Investment in Coors using the equity method? 3. What is the balance at December 31, 2021 of the Investment in Coors using the equity method? 4. What is the total net income Bud Inc. will report at December 31, 2021