On January 2, 2020, the Investor Company purchased 200 shares of the 1,000 outstanding share of voting common stock of the Investee Company for $60,000. During the year 2020 the Investee Company reported net income of $15,000, and declared and paid dividends amounting to $6,000. 9) If the Investor Company accounts for its investment in the Investee Company under the cost method, which of the following is a correct statement: A) The Investor Company will report $3,000 of income from its investment during the year 2020. B) The Investor Company will report $1,200 of income from its investment during the year 2020. C) The Investor Company will report $1,800 of income from its investment during the year 2020. D) The reported value of the Investor Company's investment at December 31, 2020 will be $61,200. E) The reported value of the Investor Company's investment at December 31, 2020, will be $58,800. 10) If the Investor Company accounts for its investment in the Investee Company under the equity method, which of the following is a correct statement: A) The Investor Company will report $1,800 of income from its investment during the year 2020. B) The Investor Company will report $1,200 of income from its investment during the year 2020. C) The reported value of the Investor Company's investment at December 31, 2020, will be $61,200. D) The reported value of the Investor Company's investment at December 31, 2020, will be $61,800. E) The reported value of the Investor Company's investment at December 31, 2020, will be $63,000