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Question 24 4 pts On January 1, 2020, Swanky Inc. purchased 28% of Suave Company's outstanding common stock for $700,000 and holds a significant influence.

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Question 24 4 pts On January 1, 2020, Swanky Inc. purchased 28% of Suave Company's outstanding common stock for $700,000 and holds a significant influence. During 2020, Suave earned $345,000 and paid cash dividends of $100,000. The fair value of the investment at December 31, 2020, was $843,000. What amounts will Swanky report on its 2020 fiscal year-end balance sheet and income statement, respectively? $768,600 and $96,600, respectively $843,000 and $239,600, respectively $768,600 and $68,600, respectively $843,000 and $143,000, respectively

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