On January 1, 2017, Alison, Inc., paid $69,200 for a 40 percent interest in Holister Corporation's common stock. This investee had assets with a book value of $218,000 and liabilities of $91,000. A patent held by Holister having a $11,000 book value was actually worth $32,000. This patent had a six-year remaining life. Any further excess cost associated with this acquisition was attributed to goodl During 2017, Holister earned income of $52,200 and declared and paid dividends of $17,000. In 2018, it had income of $74,250 and dividends of $22,000. During 2018, the fair value of Allison's investment in Holister had risen from $83,680 to $95,080. 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