On January 3, 2024, Heinreich Company paid $500,000 for 25% of the voting common stock of Jones Corporation. At the time of the investment, Jones had net assets with a book value and fair value of $1,800,000. During 2024, Jones incurred a net loss of $60,000 and paid dividends of $100,000. Any excess cost over book value is attributable to goodwill with an indefinite life. Required: 1) Prepare a schedule to show the amount of goodwill from Heinrich's investment in Jones. 2) Prepare a schedule to show the balance in Heinreich's investment account at December 31, 2024.