On January 2, 2013, P. T. Binder, Inc. purchased a 25% interest in Funk Corp. for $1,000,000 cash. During 2013, Funk's net income was $2,000,000 and it paid dividends of $600,000. Binder's 2013 income from Funk was:

$5000 is the answer....can you show me how to get this?

Based on the facts described in Question 16, what Equity Investment balance should P. T. Binder report at December 31, 2013?

$1,350,000 is the answer, how do i get it?