On January 1, 2020, Martsch Corp. purchased 300,000 of the 1,000,000 outstanding shares of Bee Thousand Inc.s common stock for $15 per share. Because this investment gives Martsch significant influence over Bee Thousand, Martsch uses the equity method to account for it.

During 2020, Bee Thousand declared and paid total dividends of $200,000 and reported net income for the year of $750,000.

At December 31, 2020, the fair value of Bee Thousand stock is $16 per share.

Investment in Bee Thousand affect Martschs reported income on its income statement for 2020 = $225,000 increase

#8 Refer to the information above. What is the carrying value of the asset for the investment in Bee Thousand that would be reported on Martsch's December 31, 2020 balance sheet?

$4,665,000

$4,725,000

$4,785,000

$4,800,000

$4,860,000

$4,965,000

#9 Refer to the information above. But now assume that Martsch elects the fair value option to account for the investment in Bee Thousand (i.e., instead of using the equity method). Ignoring tax effects, how much would the investment in Bee Thousand affect Martschs reported income on its income statement for 2020?

		$60,000 increase
		$165,000 increase
		$225,000 increase
		$285,000 increase
		$360,000 increase
		$525,000 increase

#10 Refer to the information above. But now assume (as in question #9) that Martsch elects the fair value option to account for the investment in Bee Thousand (i.e., instead of using the equity method). What is the carrying value of the asset for the investment in Bee Thousand that would be reported on Martsch's December 31, 2020 balance sheet?

		$4,665,000
		$4,725,000
		$4,785,000
		$4,800,000
		$4,860,000
		$4,965,000

PLEASE answer ALL THREE PARTS!!!! Thank you!!!!