Company A purchased a certain number of Company B's outstanding voting shares at $21 per share as a long-term investment. Company B had outstanding 44,000 shares of $15 par value stock. Fair value Method Equity Method For b, e, f, and y, assume the following: Number of shares acquired of Company B stock Net income reported by Company B in first year Dividends declared by Company B in first year Market price at end of first year, Company B stock 6,680 $ 73,000 $ 26,000 $ 18 13,200 $ 73,000 $ 26,000 $ 18 Complete the following table relating to the measurement and reporting by Company A after acquisition of the shares of Company B stock a. What level of ownership by Company A of Company B is required to apply the method? b. At acquisition, the investment account on the books of Company A should be debited for what amount? d. After the acquisition date, how should Company A change the balance of the investment account with respect to the stock owned in Company B (other than for disposal of the investment)? e. What is the balance in the investment account on the balance sheet of Company A at the end of the first year? f. What amount of revenue from the investment in Company B should Company A report at the end of the first year? 9. What amount of unrealized loss should Company A report at the end of the first year? What is the balance in the investment account on the balance sheet of Company A at the end of the first year? Investment Amount Fair value method $ 118,800 Equity method Required A Required B Required C Required D Required E Required F Required G What amount of revenue from the investment in Company B should Company A report at the end of the first year? Investment Revenue Fair value method Equity method Required G Required A Required B Required Required D Required E Required F What amount of unrealized loss should Company A report at the end of the first year? Unrealized Loss Fair value method Equity method