Present Company acquired all of the stock of Sent Company on January 1, 2020 for $1,100,000 cash. There were no combination or stock issuance costs. Fair market value differed from book value for two items on Sent's book: item book value Land Buildings $195,000 $165,000 (20 year life) fair value $180,000 $210,000 In 2020, Sent Company reported income of $30,000 and paid dividends of $13,000 a. Calculate the annual amortization of any difference between fair market value and Sent's book values b. Then, indicate how much investment income (income from Sent) Present Company would recognize in 2020 under each of the following methods: Initial Value Method Partial Equity Method Equity Method