QUESTION 16 (5 points) Gannon Corp. acquired a 70% interest in ZK Corporation on December 31, 2019 for $1.671.000. During 2020, ZKI had net income of $752.000 and paid cash dividends of 67.000. Al December 31 2020, what should be the balance in the investment in account? NIE 4) 2.227.400 $1.716.200 $300.000 545.200 QUESTION 17 points) During 200 din purchased 11.000 shares of Tinc for 2 per share and later in the year sold 2.750 of these shares for $37 per share. At December 11, 2000, the market price of Midstock was 26 per share. How much of a n oron should Midling report on its 2020 income statement of the company a s these shares a trading securities INE 2 O O 18. or 13.750