Fill in the dollar changes caused in the Investment account and Dividend Revenue or Investment Revenue account by each of the following transactions, assuming Bramble Company uses (a) the fair value method and (b) the equity method for accounting for its investments in Vaughn 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.)

				(a) Fair Value Method				(b) Equity Method
		Transaction		Investment Account		Dividend Revenue		Investment Account		Investment Revenue
1.		At the beginning of Year 1, Bramble bought 30% of Vaughn's common stock at its book value. Total book value of all Vaughn's common stock was $900,000 on this date.
2.		(a) During Year 1, Vaughn reported $66,000 of net income.
		(b) During Year 1, Vaughn paid $30,000 of dividends.
3.		(a) During Year 2, Vaughn reported $33,000 of net income.
		(b) During Year 2, Vaughn paid $19,500 of dividends.
4.		(a) During Year 3, Vaughn reported a net loss of $11,000.
		(b) During Year 3, Vaughn paid $3,600 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 investment revenue.

Novak Companys net income for 2020 is $594,000, and 91,000 shares of common stock were issued and outstanding during 2020. The only potentially dilutive securities outstanding were 26,000 executive stock options issued during 2019, each exercisable for one share at $19.50, none of these have been exercised. The average market price of Novaks stock during 2020 was $25.00. (a) Compute diluted earnings per share. (Round answer to 2 decimal places, e.g. 2.55.)

Diluted earnings per share

$enter a dollar amount rounded to 2 decimal places

(b) Assume the same facts as those assumed for part (a), except that 10,000 additional options were issued on October 1, 2020, with an exercise price of $26.00 (the market price of the common stock on that date). The average market price during the last 3 months of 2020 was $28.50. (Round answer to 2 decimal places, e.g. 2.55.)

Diluted earnings per share

$enter the diluted earnings per share in dollar rounded to 2 decimal places