Please answer the following 2 questions. Thank you very much for your assistance.

Pelham Co. paid $700,000 to acquire all of the common stock of Sam Corp. on January 1, 2020 and uses the equity method to account for this investment. Sam's reported earnings for 2020 totaled $90,000, and it paid $20,000 in dividends during the year. The amortization of allocations related to the investment was $7,000 each year. Pelham's net income, not including Equity in Sam earnings, was $300,000, and it paid dividends of $80,000 for 2020. What is the amount of Consolidated net income for the year 2020? 363,000 300,000 OOOO 383,000 370,000 2 points Herbert Corp. acquired Giant Inc. on January 1, 2017. The parent paid more than the fair value of the subsidiary's net assets. On the date of acquisition, Giant had equipment (ten-year life) with a book value of $300,000 and a fair value of $380,000. Herbert used the equity method to record its investment in Giant. On December 31, 2018, Herbert had equipment with a book value of $500,000 and a fair value of $600,000. Giant had equipment with a book value of $240,000 and a fair value of $320,000. What is the consolidated balance for the Equipment account as of December 31, 2018? 740,000 804,000 OOOO 812,000 820,000