On January 1, 2017, Alison, in Holister Corporation's common stock. This investee had assets with a book value of $224,500 and liabilities of $96,500. A patent held b Holister having a $13,300 book value was actually worth $41,800. This patent had a six-year remaining life. Any further excess cost associated with this acquisition was attributed to goodwill. During 2017, Holister earned income of $51,500 and declared and paid dividends of $17,000. In 2018, it had income of $70,500 and dividends of $22,000. During 2018, the fair value of Allison's investment in Holister had risen from $85,700 to $93,300 nc., paid $70,500 for a 40 percent interest a. Assuming Alison uses the equity method, what balance should appear in the Investment in Holister account as of December 31, 2018? b. Assuming Alison uses fair-value accounting, what income from the investment in Holister should be reported for 2018? Investment in Holister Investment income