On 1/1/22 Big Co. acquires 40% of Little Co's voting stock for $300,000. Little Co's book value on that date was $500,000. Little Co. had the following mis-valued assets at 1/1/22: Land: Undervalued by $40,000 (total) Inventory, FIFO basis: Undervalued by $20,000 (total) Equipment, 5 year life: undervalued by $30,000 (total) Any remaining differential is attributed to goodwill. During 2022, Little reports earnings of $50,000 and pays dividends of $10,000 During 2023, Little reports earnings of $60,000 and pays no dividends

1. How much of the purchase price of the investment is attributed to goodwill? (i.e., what is the "remaining differential" after accounting for the specific misvalued assets?) (xx,xxx)

2. What is the total "investment income" reported in 2022? (xx,xxx)

3. What is the 12/31/22 balance in the "investment in Little" account? (xxx,xxx)

4. What is "investment income" in 2023? (xx,xxx)