Please assist:

Analyzing and Interpreting Equity Method Investments Stober Company purchases an investment in Lang Company at a purchase price of $1.2 million cash, representing 30% of the book value of Lang. During the year, Lang reports net income of $110,000 and pays cash dividends of $50,000. At the end of the year, the fair value of Stober's investment is $1.25 million. a. At what amount is the investment reported on Stober's balance sheet at year-end? b. What amount of income from investments does Stober report? C. Stober's $200,000 unrealized gain in investment fair value (choose one): (1) Is not reflected on either its income statement or balance sheet (2) Is reported in its current income (3) Is reported on its balance sheet only (4) Is reported in its other comprehensive income (1) Is not reflected on either its income statement or balance sheet (2) Is reported in its current income (3) Is reported on its balance sheet only (4) Is reported in its other comprehensive income Description Debit Credit d. Prepare journal entries to record the transactions and events above. General Journal Description Debit Credit Cash Investment in Lang Company Investment Income To purchase stock in Lang Company. 2. To recognize share of Lang income. 3. To record dividend received e. Post the journal entries from d to their respective T-accounts. Cash (A) 1. 2. 3. Investment Income (R) 1. 2. 3. Investment in Lang Company (A) 1. 2. 3. f. Record each of the transactions from d in the financial statement effects template. Balance Sheet Noncash Contrib Transaction Cash Asset - Liabilities + Assets Capital Purchase stock in Lang Company Recognize share of Lang income Receive dividend from Lang s template. Income Statement Earned Capital Contrib. ities + Capital RevenuesExpenses Net Income