On January 1, 2014, Allan acquires 15 percent of Bellevue's outstanding common stock for $73,400. Allan classifies the investment as an available-for-sale security and records any unrealized holding gains or losses directly in owners' equity. On January 1, 2015, Allan buys an additional 10 percent of Bellevue for $56,820, providing Allan the ability to significantly influence Bellevue's decisions During the next two years, the following information is available for Bellevue Income $ 140,000 174,000 Dividends $40,000 57,000 Common Stock Fair Value (12/31) $522,500 573,500 2014 2015 In each purchase, Allan attributes any excess of cost over book value to Bellevue's franchise agreements that had a remaining life of 10 years at January 1, 2014. Also at January 1, 2014, Bellevue reports a net book value of $326,000 a. Assume Allan applies the equity method to its Investment in Bellevue account 1. On Allan's December 31, 2015, balance sheet, what amount is reported for the Investment in Bellevue account? Investment in Bellevue 2. What amount of equity income should Allan report for 2015? Equity income