On January $1,2020,$ Alison, Inc., paid $$89,000$ for a $40$ percent interest in Holister Corporation's common stock. This investee had assets with a book value of $$254,000$ and liabilities of $$92,500.$ A patent held by Holister having a $$8,600$ book value was actually worth $$43,100.$ This patent had a six$-$year remaining life. Any further excess cost associated with this acquisition was attributed to goodwill. During $2020,$ Holister earned income of $$41,500$ and declared and paid dividends of $$14,000.$ In $2021,$ it had income of $$70,700$ and dividends of $$19,000.$ During $2021,$ the fair value of Allison's investment in Holister had risen from $$100,700$ to $$109,780.$

a$.$ Assuming Alison uses the equity method, what balance should appear in the Investment in Holister account as of December $31,2021?$

b$.$ Assuming Alison uses fair$-$value accounting, what income from the investment in Holister should be reported for $2021?$

$\backslash$table$[[,,],[$a$.,$Investment in Holister,$],[$b$.,$Investment income,$]]$