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Show how the long-term investment and the related revenue should be reported on the current year's financial statements (balance sheet and income statement) of the Gioia Company.(Round your intermediate percentage answer to 1 decimal place (For example, .129should be 12.9%).)

0 Required information [The following information applies to the questions displayed below. ] Gioia Company acquired some of the 79,000 shares of outstanding common stock (no par) of Tristezza Corporation during the current year as a long-term investment. The annual accounting period for both companies ends December 31. The following transactions occurred during the current year: Jan. 19 Purchased 17,875 shares of Tristezza common stock at $19 per share. Dec. 31 11. Received the current: year financial statements of Tr-istezza Corporation that reported net income of $96,698, b. Tristezza Corporation declared a cash dividend of $8.6 per share. 5'. Tr-istezza Corporation paid the cash dividend declared in (b). d. Determined the market price of Tristezza stock to be $18 per share. 3. Show how the long-term investment and the related revenue should be reported on the current year's financial statements (balance sheet and income statement) ofthe Gioia Company. (Round your intermediate percentage answer to 1 decimal place (For example, .129 should be 12996).) Long-term investments