Can anyone help with this question please and thank you?!

cash dividends of $115,000. On the balance sheet date, the fair value of Kingman Inc.'s investment in Magic Systems Inc. shares was $805,000. Required 1. Which method is appropriate for Kingman Inc. to use in accounting for its investment in Magic Systems Inc.? Why? 2. Show everything that Kingman Inc. would report for the investment and any investment revenue in its year-end financial statements. 3. What role does the fair value of the investment play in this situation? Requirement 1. Which method is appropriate for Kingman Inc. to use in accounting for its investment in Magic Systems Inc.? Why? It would be appropriate for Kingman Inc. to use the With a holding of this size, 45 percent of the common shares, it method of recording its investment in Magic Systems Inc. probable that Kingman Inc. can exercise significant influence on the operations of Magic Systems Inc. Requirement 2. Show everything that Kingman Inc. would report for the investment and any investment revenue in its year-end financial statements. Record what Kingman Inc. would report for the investment. (Use a minus sign or parentheses for numbers to be subtracted.)