Problem 12 Facts: On January 1, 2020 ABC purchased 32,000 shares of XYZ common shares at purchase price of $12 per share. The ownership of 32,000 shares gives ABC a 30% ownership stake in XYZ, which is sufficient to give ABC significant influence over the operations of XYZ. The fiscal year of ABC ends on December 31. XYZ's GAAP financials reported total net income of $278,400 for calendar year 2020. During that year, XYZ declared and paid of $1 share on June 30 and December 31st. ABC received the June 30 dividend on July 1, 2020 and received the December 31 dividend payment on January 2, 2021. XYZ common stock, which is traded on the New York Stock Exchange, closed at $12 per share on December 31, 2020. The book value equaled the market value of all asset and liabilities reported on the XYZ balance sheet at January 1, 2020 except for a warehouse with a remaining useful life of 4 years. At January 1, 2020, the fair value of the warehouse exceeded its book value by $24,747 All questions below pertain to the accounting for the investment by ABC. Required: 73. What will be the post-adjustment December 31, 2020 balance in the Investment in Stock account? 74. What will be the post-adjustment 12/31/2020 balance in the fair value adjustment account? If the account is not used, enter a value of 0. Enter a debit balance as a positive value and a credit balance as a negative value. 75. What amount of dividend revenue will be reported on ABC's 2020 income statement. If none, enter a value of 0. 76. What amount of equity in earnings of XYZ will be reported on ABC's 2020 income statement. If none, enter a value of 0. 77. At what amount will the investment in XYZ common stock be reported in the asset section of ABC's December 31, 2020 balance sheet? 78. What amount of unrealized holding gain/loss will be reported as a component of net income for the year ended December 31, 2020? Enter a gain as a positive value and a loss as a negative value. If the unrealized holding gain/loss is not recognized in net income, enter a value of 0. 79. What amount of unrealized holding gain/loss will be reported as a component of other comprehensive income for the year ended December 31, 2020? Enter a gain as a positive value and a loss as a negative value. If the unrealized holding gain/loss is not recognized in other comprehensive income, enter a value of 0