On January 1, 2021, Ram Company purchased 30% (or 60,000 shares) of the 200,000 total shares of common USE THE FOLLOWING INFORMATION TO ANSWER THE NEXT 2 QUESTIONS: stock of Stafford Corporation, paying $1,500,000. There was no goodwill or other fair value allocation associated with the investment. Ram has significant influence over Stafford. During 2021, Stafford reported income of $350,000 and paid dividends of $50,000. On January 1, 2022, Ram sold 12,000 shares for $330,000. A 2) C3) What is the gain/loss on the sale of the 12,000 shares? A $9,000 gain. B. $12,000 gain. C. $234,900 gain. D. $30,000 loss. E. None of the above What is the balance in the investment account after the sale of the 12,000 shares? A. $1,284,000. B. $1,494,600. C$1,272,000. D. $1,440,000. E. None of the above