Instant Print Corporation signed a $45,000, 8%, six-year Installment note for the purchase of a Delivery Truck on July 1, 20X1. The semiannual payments on the Note is $4,867. (Round to the nearest dollar)

---------Carrying Value at beginning of period - Cash Paid - Interest expense for this period - Dec in notes principal - Carrying value at end of period

July 1 45,000

Dec 31

July 1

Problem 3 - On January 1, 20X2, Milar Corporation acquires 30 % of the common stock of Beck Corporation for $120,000. During 20X2, Beck declared and paid $40,000 of Cash Dividends and reported $100,000 of Net Income. After Milar Corporation records these transactions for the year, what would be the balance in Investment account?