Mopp Corporation bought a 30% interest in the voting stock of Post Corporation's $1 par value common stock for $7 million (1.0 million shares at a $7.00 market price) on March 31, 2020. On December 12, 2020, Post paid a $2.5 million cash dividend and Post reported net income for the year ended December 31, 2020 of $6.5 million. On December 31, 2020, Post's stock was trading at $6.50 per share. After all 2020 journal entries are recorded, 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? $__________