Chan Inc., a public traded company purchased 30% of Dong the common shares for $200,000 on January 1. During the year, Dong reported net income of $351,000 and declared and paid dividends of 543,000. The investment's fair value at December 31 was $263.000, the company's year end. Assuming there is significant influence, indicate the balance in the investment account at year end. Balance Where would be reported in the statement of financial position if Chan uses the equity method. Assuming Chan does not have significant influence, determine the balance in the investment account at year end. Balance Where it would be reported in the statement of financial position the fair value through profit or loss model is used? A ming Cha r ts under ASPE and choose the cost model because fair value cannot be determined on December 31, determine the balance in the investment account at year and Assuming Chan reports under ASPE and chooses the cost model because fair value cannot be determined on December 31, determine the balance in the investment account at year and cs where it would be reported in the statement of financial position