Chan Inc., a publicly traded company, purchased 25% of Dong Ltd.'s common shares for $231,000 on January 1. During the year, Dong reported net income of $360,000 and declared and paid dividends of $41,000. The investment's fair value at December 31 was $283,000, the company's year end. Assuming there is significant influence, indicate the balance in the investment account at year end. Balance Where it would be reported in the statement of financial position if Chan uses the equity method. eTextbook and Media Assuming Chan does not have significant influence, determine the balance in the investment account at year end. Balance $