Check my work 1 Gant Company purchased 20 percent of the outstanding shares of Temp Company for $70,000 on January 1, 20X6, The following results are reported for Temp Company 33 33 Net Income Dividends paid Fair value of shares held by Gant January 1 December 31 2036 20x2 20 $40,000 $35,000 $60,000 15,000 30.000 20,000 70,00 89,000 86,000 89, een 86,000 97, floor Print Required: Determine the amounts reported by Gant as income from its investment in Temp for each year and the balance in Gant's investment in Temp at the end of each year assuming that Gant uses the following options in accounting for its investment in Temp. Rotorences a. Carries the investment at fair value b. Uses the equity method Check my work 1 1 a. Carries the investment at fair value. b Uses the equity method 33 33 points Complete this question by entering your answers in the tabs below. Skloped Required A Required B cBook Prime Determine the amounts reported by Gant as income from its investment in Temp for each year and the balance in Gant's investment in Temp at the end of each year assuming that Gant uses the fair value option in accounting for its investment in Temp. Reference 20x6 20X7 20x8 Income from investment Balance in investment Required Required B > Check my werk 1 a. Carries the investment at fair value b. Uses the equity method 33.33 Complete this question by entering your answers in the tabs below. Sinced Required a Required B BOOK Print Determine the amounts reported by Gant as income from its investment in Temp for each year and the balance in Gant's investment in Temp at the end of each year assuming that Gant uses the equity method in accounting for its investment in Temp References 20X6 20x7 20XB Income from investment Balance in investment