On January $1,2020,$ Alison, Inc., paid $$72,000$ for a $40$ percent interest in Holister Corporation$$s common stock. This investee had assets with a book value of $$260,500$ and liabilities of $$115,500.$ A patent held by Holister having a $$10,200$ book value was actually worth $$23,700.$ 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 $$39,000$ and declared and paid dividends of $$13,000.$ In $2021,$ it had income of $$61,500$ and dividends of $$18,000.$ During $2021,$ the fair value of Allison$$s investment in Holister had risen from $$84,500$ to $$92,700.$

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

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