help solve wuest 3.7 and 3.11.

Thank you in advance

3.11. Using the excerpt from the Moon Company's annual report, calculate any profit measures deemed necessary and discuss the implications of the profitability of the company. Moon Company Income Statements for the Years Ended December 31, 2016, 2015 and 2014 2016 2015 2014 Net sales Cost of goods sold Gross profit Operating expenses Operating profit Income taxes Net income $220,000 $196,000 169,000 147,000 $ 51,000 $ 49,000 26,000 25,000 $ 25,000 $ 24,000 7,800 7,500 $ 17,200 $ 16,500 $150,000 108,000 $ 42,000 20,000 $ 22,000 7,000 $ 15,000 than 50% of the voting stock. 3.7. Alpha Company purchased 30% of the voting common stock of Beta Company on January 1 and paid $500,000 for the investment. Beta Company reported $100,000 of earnings for the year and paid $40,000 in cash dividends. Calculate investment income and the balance sheet investment account for Alpha Company under the cost method and under the equity method