Need the answers for both please.

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Phillips Company bought 30 percent ownership in Jones Bag Company on January 1,20X1, at underlying book value. During the period of January 1, 20X1, through December 31,203, the market value of Phillips' investment in Jones' stock increased by $1,500 each year, In 201,202, and 203, Jones Bag reported the following: The balance in Phillips Company's investment account on December 31, 20X3, was $55,000. Required: In each of the following independent cases, determine the amount that Phillips paid for its investment in Jones Bag stock assuming that Phillips accounted for its investment by carrying the investment at fair value, or using the equity method. Port Company purchased 32,700 of the 109,000 outstanding shares of Sund Company common stock on January 1,20X2, for $186,000. The purchase price was equal to the book value of the shares purchased. Sund reported the following: Required: Compute the amounts Port Company should report as the carrying values of its investment in Sund Company at December 31,202 203, and 204