Problem 1 The summarized balance sheets of Goebel Company and Dobbs Company as of December 31, 2021 are as follows: Goebel Company Balance Sheet December 31, 2021 Assets $2.400.000 Liabilities Capital stock Retained earnings Total equities $ 300,000 1,200,000 900,000 $2.400.000 Dobbs Company Balance Sheet December 31, 2021 Assets $ 1.800.000 Liabilities Capital stock Retained earnings Total equities $410,000 1,150,000 240 000 $1.800.000 If Goebel Company acquired a 20% interest in Dobbs Company on December 31, 2021 for $350,000 and the fair value method of accounting for the investment were used, the amount of the debit to Equity Investments (Dobbs) would have been If Goebel Company acquired a 30% interest in Dobbs Company on December 31, 2021 for $430,000 and the equity method of accounting for the investment were used, the amount of the debit to Equity Investments (Dobbs) would have been If Goebel Company acquired a 20% interest in Dobbs Company on December 31, 2021 for $290,000 and during 2022 Dobbs Company had net income of $150,000 and paid a cash dividend of $60,000, applying the fair value method would give a debit balance in the Equity Investments (Dobbs) account at the end of 2022 of If Goebel Company acquired a 30% interest in Dobbs Company on December 31, 2021 for $440,000 and during 2022 Dobbs Company had net income of $150,000 and paid a cash dividend of $60,000, applying the equity method would give a debit balance in the Equity Investments (Dobbs) account at the end of 2022 of