QUESTION 12 Company P purchased 70% stock in Company Son Jan 1, 20x1 for $200,000. For the year 20x1, Company S reported the net income of $100.000 and paid dividends of $40,000. At year end, investment account in the books of Company P had a fair market value of $225.000 Under the equity method, the unrealized gain account will be credited with $67.000 $53,000 $25,000 $0 QUESTION 13