On November $1,\frac{20}{x}$I $,$ Hawkins Corporation issued $3,300$ shares of its $$10$ par value common stock to acquire $22\%(6,600)$ of the shares of Ameen Manufacturing. The balance sheet of Ameen Manufacturing immediately before the acquisition contained the following items:

On the date of the acquisition, Hawkins Corporation shares were selling at $$32,$ and the book value and fair value of Ameen's net assets were equal.

For the year ended December $31,20$X$1.$ Ameen Manufacturing reported net income of $$90,000$ and paid dividends of $$20,000.$ The fair value of Ameen's stock on December $31,20x1$ was $$15$ a share.

Instructions:

$1$A$.$ Prepare the journal entries $($if any$)$ to record the following by Hawkins Corporation using $(1)$ the fair value method and $(2)$ the equity method:

Acquisition of stock

Receipt of Ameen dividends

Net income reported by Ameen

Adjustment of investment to fair value

What is the reported amount of the investment on Hawkins" balance sheet at $12/31/$X$1$ assuming $($a$)$ no influence and $($b$)$ significant influence?