Gant Inc. purchased 30% of the outstanding shares of Temp Inc. for $150,000 on January 1, 2019, when Temp had capital stock of $100,000 and retained earnings of $400,000. The following results for 2019 and 2019 are reported for Temp: 2019 2020 Temp Net Income $80,000 $70,000 Temp Dividends Declared and Paid 30,000 60,000 Fair value of Temp shares held by Gant on particular dates are as follows: January 1, 2019 $150,000 December 31, 2019 $180,000 January 1, 2020 $180,000 December 31, 2020 $170,000 Identify the following statements that are TRUE. If Gant used the equity method for its investment in Temp. Gant's December 31, 2019 balance for its investment in Temp would be $200,000. If Gant used the equity method for its investment in Temp. Gant's 2020 income from its investment in Temp would be $21,000. If Gant carried its investment in Temp at fair value, Gant's 2019 income from its investment in Temp would be $15,000. If Gant carried its investment in Temp at fair value, Gant's December 31, 2020 balance for its investment in Temp would be $170,000