Pharoah Company acquired 29% of the outstanding common stock of Grinwold Inc. on January 1, 2022, by paying $1,885,000 for 65,000 shares. Grinwold declared and paid a $0.50 per share cash dividend on June 30 and again on December 31, 2022. Grinwold reported net income of $876,000 for the year.

The board of directors of Wellman Company is confused about the differences between the cost and equity methods. Show in tabular form the account balances under each method at December 31, 2022.

		Cost Method		Equity Method
Stock Investments		$enter the stock investments amount under cost method in dollars		$enter the stock investments amount under equity method in dollars
Dividend Revenue		enter the dividend revenue amount under cost method in dollars		enter the dividend revenue amount under equity method in dollars
Revenue From Stock Investments		enter the revenue from stock investments amount under cost method in dollars		enter the revenue from stock investments amount under equity method in dollars