On January 1, Banner Inc. acquired common stock of Rogers Company at book value. At the time of acquisition, the book value and the fair value of Rogers’s net assets were $200 million. During the current year, Rogers earned $80 million and declared dividends of $10 million.

Indicate the amount shown for Investment in Rogers on Banner Inc.’s balance sheet on December 31 and the amount of income Banner Inc. would report for the year related to its investment under the assumption that Banner Inc. did the following:

1. Paid $20 million for a 15-percent interest in Rogers and classifies the investment as a passive investment. The fair value of Rogers on December 31 was $230 million.
2. Paid $70 million for a 30-percent interest in Rogers and uses the equity method.