Inc. acquired 15% of W Co.'s outstanding common stock for $62,400 and categorized the investment as an available-for-sale security. W Inc. earned net income of $96,000 in 2017 and paid dividends of $36,000. On January 1, 2018, D inc bought an additional 10% of W for $54,000. This second purchase gave D Inc.The ability to significantly influence the decision making ofW.During 2018, W earned $120,000 and paid $48,000 in dividends. As of December 31, 2018, W reported a net book value of $468,000. For both purchases, D inc. concluded that W Co.'s book values approximated fair values and attributed any excess cost to goodwill.