points On January 1, 2020, Mommy Company purchased 75,000 shares of Kids Company common stock for $1,480,000, giving Mommy 25 percent and the ability to apply significant influence over Kids. Any excess of cost over book value acquired are attributable solely to goodwill. In 2020 Kids reported net income of $820,000 and declared and paid dividends of $260,000. On July 1, 2021, Mommy sells 45,000 shares of this investment for $25 per share, thus reducing its interest from 25 to 10 percent, thus losing its significant influence. 2021 Kids' net income was $600,000 and dividends $160,000. Assume net income occurred evenly throughout 2021 and dividends are paid quarterly. Fair value of Kids' stock was $24 per share on December 31, 2021. What is the impact on 2021 Mommy's net income due to this investiment in Kids? In January 2021, Domingo, Inc., acquired 20 percent of the outstanding common stock of Martes, Inc., for $832,000. This investment gave Domingo the ability to exercise significant influence over Martes, whose balance sheet on that date showed assets of $4,437,000 with liabilities of $917,000. Any excess of cost over book value of the investment was attributed to a pat having a remaining useful life of 10 years. In 2021, Martes reported net income of $254,000. Dividends of $100,000 were declared in year 2021. What amount of incom from investment in Martes should Domingo report in year 2021