On January 1, 2020, Allson, Inc., paid $70,800 for a 40 percent interest In Holister Corporation's common stock. This Investee had assets with a book value of $235,000 and Ilabilitles of $95,000. A patent held by Holister having a $8,900 book value was actually worth $25,400. This patent had a six-year remaining life. Any further excess cost assoclated with this acquisition was attributed to goodwill. During 2020 , Holister earned Income of $45,700 and declared and paid dividends of $15,000. In 2021, It had Income of $53,700 and dividends of $20,000. During 2021 , the falr value of Allison's Investment In Holister had risen from $84,080 to $88,960. a. Assuming Alison uses the equity method, what balance should appear in the Investment In Holister account as of December 31, 2021? b. Assuming Allson uses falr-value accounting, what income from the Investment In Holister should be reported for 2021