Merck Corporation earns dollar 30,000 and pays cash dividends of dollar 10,000 during 2016. Plough Corporation owns 3,000 of the 10,000 outstanding shares of Merck, and accounts for its investment in Plough using the equity method. What amount should Plough show in the investment account at December 31. 2016, if the beginning of the year balance in the account was dollar 40,000? dollar 49 000 dollar 40,000 dollar 46,000 dollar 60,000 How much investment income should Plough report in 2016? dollar 10,000 dollar 9,000 dollar 6,000. dollar 30,000. How should the balances of progress billings and construction-in-process by shown at reporting dates prior to the completion of a long-term contract? Progress billings as deferred income, construction-in-process as a deferred expense Progress billings as income, construction-in-process as inventory Net, as income from construction if credit balance, and loss from construct if debit balance Net, as an asset if debit balance, and liability if credit balance. Zero dollar 20,000 dollar 36,000. dollar 40,000