Question 8(8 points)

On January 1, 2017, Alpha Company purchased a significant influence shares investment in the Bravo-Zulu Company for $250,000.This investment balance represents 30% of the equity of the Bravo-Zulu Company.During 2017, Bravo-Zulu Company reported Net Income of $25,000 on November 15, 2017 Bravo-Zulu Company paid cash dividends of $10,000 to its shareholders. Using this information, what are the FY 2017 balances in Alpha Company's account balances for:

a. Investment in Bravo-Zulu

b. Investment Income

PLEASE INCLUDE SOLUTIONS

Thanks