During 2018 Crane Company purchased 9900 shares of Midi, Inc. for $29 per share. During the year Crane Company sold 2450 shares of Midi, Inc. for $34 per share. At December 31, 2018 the market price of Midi, Inc.s stock was $27per share. What is the total amount of gain/(loss) that Crane Company will report in its income statement for the year ended December 31, 2018 related to its investment in Midi, Inc. stock?

A $-19800

B $12250

C $-7550

D $-2650

On January 2, 2018 Crane Company purchased 25% of the outstanding common stock of Jobs, Inc. and subsequently used the equity method to account for the investment. During 2018 Jobs, Inc. reported net income of $1370000 and distributed dividends of $595000. The ending balance in the Investment in Crane Company account at December 31, 2018 was $1015000 after applying the equity method during 2018. What was the purchase price Crane Company paid for its investment in Jobs, Inc?

A $523750

B $1506250

C $821250

D $1208750