Culver Inc. acquired 20% of the outstanding common shares of Gregson Inc. on December 31, 2019. The purchase price was $1,183,600 for 53,800 shares, and is equal to 20% of Gregsons carrying amount. Gregson declared and paid a $0.85 per share cash dividend on June 15 and again on December 15, 2020. Gregson reported net income of $481,000 for 2020. The fair value of Gregsons shares was $25 per share at December 31, 2020. Culver is a public company and applies IFRS.

What amount is reported for the investment in Gregson shares on the December 31, 2020 statement of financial position under each of these methods in Fair Value Method and Equity Method?

		Fair Value Method		Equity Method
Investment		$enter a dollar amount		$enter a dollar amount