Johnson, an investor in Acme Co., asked Smith, CPA, for advice on the propriety of Acme's financial reporting for two of its investments. Smith obtained the following information related to the investments from Acme's December 31, Year 9 financial statements:

Acme has 20% ownership interest in Kern Co., represented by 200,000 shares of outstanding common stock purchased on January 2, Year 9 for $600,000. This investment gives Acme significant influence over Kern. Acme did not elect the fair value option for this investment.

Acme has 20% ownership interest in Wand Co., represented by 20,000 shares of outstanding common stock purchased on January 2, Year 9 for $300,000. This investment does not give Acme significant influence over Wand. Acme did not elect the fair value option for this investment.

On January 2, Year 9, the carrying amounts of the acquired shares of both investments equaled their purchase prices.

Kern reported earnings of $400,000 for the year ended December 31, Year 9 and declared and paid dividends of $100,000 during Year 9.

Wand reported earnings of $350,000 for the year ended December 31, Year 9 and declared and paid dividends of $60,000 during Year 9.

On December 31, Year 9, Kern's and Wand's common stock were trading over the counter at $18 and $20 per share, respectively.

Complete Acme's summary of investment securities using the information above. Enter the appropriate amounts in the designated cells below. Enter all amounts as positive values. If no answer is necessary, enter a zero (0).

Balance sheet	Investment in Kern	Investment in Wand
1. Investment in investee
Statement of income	Investment in Kern	Investment in Wand
2. Equity in earnings of investee
3. Dividend income
4. Unrealized holding gain