Gibbs Company made the following investments during 2021 with other relevant information given as well: Purchased 10,000 shares of ABC stock for $25.00 per share. Gibbs plans on selling the investment quickly. Purchased 250,000 shares of DEF stock for $30.00 per share. The shares represent 35% of the outstanding stock of DEF and Gibbs was able to exert significant influence on DEF .Gibbs received a $1.50 per share dividend from ABC Gibbs received a $1.75 per share dividend from DEF DEF reported a total net income of $2,500,000 The year-end market prices were as follows! o ABC: $26.50 Required DEF: $36.00 .Regarding the transactions, what amounts would appear on the income statement? Give both the amounts and description of what the amount is. Show the amount that would appear on the balance sheet for both investments? Show amounts (if any) that would appear on the income statement or other comprehensive income regarding unrealized gains and losses. Give both the amount and whether the amount is a gain or a loss. What wo appear on the income statement regarding the ABC investment? What would appear on the income statement regarding the DEF investment? Show as asset at market value show asset at amortized cost(not market value) Show unrealized gains/losses on income statement What amount would be shown on the year-end balance sheet for the ABC investment? What amount would be shown on the year-end balance sheet for the DEF investment? 10,000 X 25=250,000 250,000 X 307,500,000