Question 35 2 pts Branch Company purchased a 20% interest in University Corporation for $1,500,000 on Jan 1. 2017. University's total book value at that time was $7,500,000. Branch can significantly influence University. No adjustment for undervalued or overvalued assets or liabilities was necessary. University reported net income of $6 million for the year 2017 and on December 5, 2017 University declared and paid $1 million in dividends. On 12/31/2017. Branch's investment in University stock was worth $1,600,000. What amount of investment revenue should Branch report in net income for 2017 relative to its investment in University under the equity method of accounting? $1,000,000 $1,200,000 $1,300,000 0 $1,100,000 Question 36 2 pts Branch Company purchased a 20% interest in University Corporation for $1,500,000 on Jan 1. 2017. University's total book value at that time was $7,500,000. Branch can significantly influence University. No adjustment for undervalued or overvalued assets or liabilities was necessary. University reported net income of $6 million for the year 2017 and on December 5, 2017 University declared and paid $1 million in dividends. On 12/31/2017, Branch's investment in University stock was worth $1,600,000. On December 31, 201, What would be the value of Branch's Investment account? $2.700,000 $1,600.000 $2,500,000 10 $1,500,000