Chan Inc., a publicly traded company, purchased $30\%$ of Dong Ltd$.\text{'}$s common shares for $$207,000$ on January $1.$ During the year, Dong

reported net income of $$384,000$ and declared and paid dividends of $$41,000.$ The investment's fair value at December $31,$ the

company's year end, was $$257,000.$

$($a$)$

Your answer is correct.

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

Assistance Used

Attempts: $1$ of $3$ used

$($b$)$

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 if the fair value through profit or loss model is used?