PET Corporation purchased 225,000 shares of SOX Corporation on January 1, 2020, for $540,000. SOX Corporation has 600,000 shares outstanding. SOX Corporation earned net income of $360,000 and paid dividends of $106,000 during 2020. The fair value of SOX Corporation shares at December 31, 2020 year end is $2.50 per share. Instructions: a. What method should be used to account for the SOX Corporation investment? b. How much revenue will be recorded by PET Corporation in 2015 from its investment in SOX Corporation? C. Assume all of the above facts except that on January 1, 2020, PET Corporation purchased 10% of the outstanding shares of SOX Corporation. How would this change the accounting of the investment in SOX? How much revenue will be recorded by PET Corporation in 2020 from its investment in SOX Corporation? D DC - Paragraph B IV