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help please x4 On January 1, 201 kwak Corporation purchased a 30% equity interest in Cooper Corporation for $600,000 cash. On Dec, 31, 20x1 Cooper

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x4 On January 1, 201 kwak Corporation purchased a 30% equity interest in Cooper Corporation for $600,000 cash. On Dec, 31, 20x1 Cooper declared and paid a $60,000 cash dividend and repoarted Net Inome of $200,000 for the year. b) Determine the amount that should be shown on the Balance Sheet at year end for this Long-Term Investment. c) Explain why the Dividends received by Kwak and the Income earned by Cooper Corporation are shown as a change in the investment account when using the Equity Method. d) Where on a multi-step Income Statement will the "Income of Cooper Company" be shown? Will the Dividends received from Cooper Company be shownanywhere on the Income Statement

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