Exercise 121 Your answer is partially correct. Try again. Fill in the dollar changes caused in the Investment account and Dividend Revenue or Investment Revenue account by each of the following transactions, assuming Crane Company uses (a) the fair value method and (b) the equity method for accounting for its investments in Hudson Company. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45). Do not leave any answer field blank. Enter 0 for amounts.) (b) Equity Method (a) Fair Value Method Investment Account Investment Dividend Investment Transaction Revenue Account Revenue 1. At the beginning of Year 1, Crane bought 25% of Hudson's common stock at its book value. Total book value of all Hudson's common stock 187500 T18750 was $750,000 on this date. During Year 1, Hudson reported $69,000 of net income and paid 2. $34,500 of dividends. During Year 2, Hudson reported $29,000 of net income and paid 3. $19,000 of dividends. x During Year 3, Hudson reported 4. a net loss of $9,000 and paid $4,000 F2250 of dividends. 5. Indicate the Year 3 ending balance in the Investment account, and cumulative totals for Years 1, 2, and 3 for dividend revenue and 187500 Investment revenue. Question Attempts: 2 of 3 used x xwww xw w xwww x