On January 2, 2020, Howdy Doody Corporation purchased 14% of Ranger Corporation's common stock for $56,000. Ranger's net income for the years ended December 31, 2020, and December 31, 2021, were $19,000 and $58,000, respectively. During 2020, Ranger declared and paid a dividend of $68,500. On December 31, 2020, the fair value of the Ranger stock owned by Howdy Doody had increased to $68,000. How much should Howdy Doody show in the 2020 income statement as income from this investment?

Smith buys and sells equity securities. On December 15, 2021, Smith purchased $546,000 of Jones shares and elected the fair value option to account for the Jones investment. As of December 31, 2021, the Jones shares had a fair value of $563,000. In the 2021 financial statements, Smith will report (ignore taxes):

At the start of the current year, SBC Corp. purchased 25% of Sky Tech Inc. for $29 million. At the time of purchase, the carrying value of Sky Tech's net assets was $60 million. The fair value of Sky Tech's depreciable assets was $16 million in excess of their book value. For this year, Sky Tech reported a net income of $60 million and declared and paid $16 million in dividends. The amount of purchased goodwill is:

Hawk Corporation purchased 10,000 Diamond Corporation bonds in 2018 for $55 per bond and classified the investment as securities available-for-sale. The value of the Diamond investment was $77 per bond on December 31, 2019, and $95 per bond on December 31, 2020. During 2021, Hawk sold all of its Diamond investment at $149 per bond. In its 2021 income statement, Hawk would report: