On January 1, 2013, Pierce, Inc., purchased 19,100 shares of Marion Company for $592,100, giving Pierce 10 percent ownership of Marion. On January 1, 2014, Pierce purchased an additional 38,200 shares (20 percent) for $1,356,100. This latest purchase gave Pierce the ability to apply significant influence over Marion. The original 10 percent investment was categorized as an available-for-sale security. Any excess of cost over book value acquired for either investment was attributed solely to goodwill.

Marion reports net income and dividends as follows. These amounts are assumed to have occurred evenly throughout these years. Dividends are declared and paid in the same period.

	Net Income	Cash Dividends (paid quarterly)
2013	$409,000	$123,000
2014	600,000	177,000
2015	664,500	223,500

On July 1, 2015, Pierce sells 3,820 shares of this investment for $45 per share, thus reducing its interest from 30 to 28 percent. However, the company retains the ability to significantly influence Marion. Using the equity method, what amounts appear in Pierces 2015 income statement?

As total income accrual (no unearned gains) _________

As __________ on sale of shares ____________