Part I: Kimm, Inc. acquired 30% of Carne Corp.'s voting stock on January 1, 20X4 for $360,000. During 20X4, Carne earned $150,000 and paid dividends of $90,000. Kimm's 30% interest in Carne gives Kimm the ability to exercise significant influence over Carne's operating and financial policies. During 20X5, Carne earned $180,000 and paid dividends of $60,000 on April 1 and $60,000 on October 1. On July 1, 20X5, Kimm sold half of its stock in Carne for $237,000 cash. Before income taxes, what amount should Kimm include in its 20X4 income statement as a result of the investment The carrying amount of this investment in Kimm's December 31, 20X4 balance sheet should be What should be the gain on sale of this investment in Kimm's 20X5 income statement? Part II: On January 1, 20X4, Sloane Co. purchased 25% of Orr Corp.'s common stock; no goodwill resulted from the purchase. Sloane appropriately carries this investment at equity and the balance in Sloane's investment account was $480,000 at December 31, 20X4. Orr reported net income of $300,000 for the year ended December 31, 20X4, and paid common stock dividends totaling $120,000 during 20X4. How much did Sloane pay for its 25% interest in Orr? (Extra