Gant Company purchased 20 percent of the outstanding shares of Temp Company for $70,000 on January 1, 20X6. The following results are reported for Temp Company:

	20X6	20X7	20X8
Net income	$	40,000		$	35,000		$	60,000
Dividends paid		15,000			30,000			20,000
Fair value of shares held by Gant:
January 1		70,000			89,000			86,000
December 31		89,000			86,000			97,000

Required:

Determine the amounts reported by Gant as income from its investment in Temp for each year and the balance in Gants investment in Temp at the end of each year assuming Gant uses the following methods in accounting for its investment in Temp (Omit the "$" sign in your response):

a.	Cost method.

	20X6	20X7	20X8
Dividend income	$	$	$
Balance in investment	$	$	$

b.	Equity method.

	20X6	20X7	20X8
Income from investment	$	$	$
Balance in investment	$	$	$

c.	Fair value method.

	20X6	20X7	20X8
Income from investment	$	$	$
Balance in investment	$