Exercise SA$1-4$ Equity method, change in interest. Hanson Corporation purchases a $10\%$ interest in Novic Company on January $1,2016,$ and an additional $15\%$ interest on January $1,2018.$ These investments cost Hanson Corporation $$80,000$ and $$110,000,$ respectively. The following stockholders' equities of Novic Company are available:

December $31,2015$ December $31,2017$

$\backslash$table$[[$Common stock $($ $$10$ par$).,$$$500,000,$$$500,000$