Gant Company purchased $30$ percent of the outstanding shares of Temp Company for $$90,000$ on January $1,20$X$6.$ The following results are reported for Temp Company:incondDividends paidFair value of shares held by Gant:December $3118,00090,000109,00020$X$7$$$45,00028,000109,00000,000$$$55,000117,000$Required:Determine the amounts reported by Gant as income from its investment in Temp for each year and the balance in Gant's investment in Temp at the end of each year assuming that Gant uses the following options in accounting for its investment in Temp:a$.$ Carries the investment at fair value.b$.$ Uses the equity method.Complete this question by entering your answers in the tabs below.Required ARequired BDetermine the amounts reported by Gant as income from its investment in Temp for each year and the balance in Gant's Investment in Temp at the end of each year assuming that Gant uses the fair value option in accounting for its investment in$20$X$620$X$720$X$8$Income from investmentBalance in investme