Mary Corporation purchased 1,000 shares of the outstanding common voting stock of Ponzi Corporation on November 2, 2020, at a cash cost of $8 per share as a long-term investment. At the date of purchase Ponzi Corporation had outstanding 1,000,000 shares of common stock (par $1). At year end, December 31, 2020, Ponzi reported net income of $900,000 and declared and paid a $350,000 cash dividend. The December 31, 2020, the market value of Ponzi's stock was $9. After all 2020 journal entries required for Mary Corporation are recorded, please answer the following questions:

a) What is the name of the investment account and the balance at December 31, 2020?

Account ________________________________ $__________

b) How much income from this investment is included in net income for 2020? $__________