On January 1, 2019, Thompson, Inc., pald $300,000 for a 30% interest in Hampton Corp.'s common stock. The Investee had assets with a book value of $400,000 and liabilities of $50,000. A patent held by Hampton having a $10,000 book value was actually worth $40,000. A customer list held by Hampton had a book value of $40,000 and a fair value of $110,000. The patent had a remaining useful life of 4 years while the customer list had an 8 year remaining life. Any further excess cost was associated with goodwill. During 2019, Hampton earned income of $60,000 and paid avidends of $3,000. During 2020 , it had income of $90,000 and dividends of $12,000. During 2020 , the fair value of Hampton had risen from $1,200,000 to $1,300,000. a ) Assuming the equity method, what balance should appear in the investment in Hampton account as of Dec. 31, 2020? How much income should be reported from the investment in 2019 and 2020? B. Assuming Thompson uses fair- value accounting, what income from the investment in Hampton should be reported in 2019 and 2020 ? What is the value of the investment account at the end of both years