On January 1, Puckett Company paid $ 1.6 million for 50,000 shares of Harrison's voting common stock, which represents a 40 percent investment. No allocation to goodwill or other specific account was made. Significant influence over Harrison is achieved by this acquisition and so Puckett applies the equity method. Harrison declared a $2 per share dividend during the year and reported net income of $560,000. What is the balance in the Investment in Harrison account found in Puckett's financial records as of December 31? $1, 724,000. $1, 784,000. $1, 844,000. $1, 884,000. In January 2014. Domingo, Inc., acquired 20 percent of the outstanding common stock Martes, Inc., for $700,000. This investment gave Domingo the ability to exercise significance influence over Martes. Martes's assets on that date were recorded at $3, 900,000 with liabilities of $900,000. Any excess of cost over book value of the investment was attributed to a having a remaining useful life of 10 years. In 2014, Martes reported net income of $170,000. In 2015, Martes reported net income $210,000. Dividends of $70,000 were declared in each of these two years. What is the method balance of Domingo's Investment in Martes, Inc., at December 31, 2015? $728,000. $748,000. $756,000. $776,000