Question 1 15 pts THE FOLLOWING INVESTMENT INFORMATION IS PROVIDED FOR SMITH CORP: PER SHARE UNITS PURCHASED ON 11/15/17 238,000 OWNERSHIP PERCENTAGE IN INVESTEE 17% PURCHASE PRICE 409,360 1.72 INVESTEE NET INCOME 350,000 0.25 DIVIDENDS DECLARED AND PAID 140,000 0.10 FAIR VALUE/SHARE AT DEC 31ST, 17 (ACCOUNTING YEAR END) ? SOLD AT 01/15/2018: FAIR VALUE/SHARE 2.08 ASSUME SMITH ACCOUNTED FOR THE INVESTMENT AS A TRADING SECURITY THE FOLLOWING JIE WAS RECORDED AT THE TIME OF SALE: CASH 495,040 UNREALIZED GAIN P&L 45.220 TRADING SECURITY 454,580 REALIZED GAIN P&L 85.680 540,260 540.260 REQUIRED: WHAT WAS THE FAIR VALUE/SHARE OF THE INVESTMENT AT 12/31/17? (PLEASE DON'T ROUND) REQUIRED: ASSUME SMITH ACCOUNTED FOR THE INVESTMENT UNDER THE EQUITY METHOD. WHAT IS THE TOTAL REALIZED GAIN ON SALE? REQUIRED: ARE THE ACCOUNTING DIFFERENCES BETWEEN THE FAIR VALUE AND EQUITY METHODS PERMANENT OR TIMING? (INPUT "PERMANENT" OR "TIMING")