Equity Investments, Various Reporting MethodsOn January 2, 2019, Parker Corporation invests in the stock of Quarry Corporation. Quarry's book value is $4 million and its assets and liabilities are reported at amounts approximating fair value. Quarry reports income of $3 million in 2019. Parker's December 31, 2019, balance sheet and 2019 income statement, ignoring its investment in Quarry's stock, follow. Neither company reports other comprehensive income.