Questions ing dhrough 112 are based on the following fact: On Januny 1,2017, Alison, lac, paid $60,000 for a 40 percent interest in Holister Corpontien's common stock. This investee had assets with a book value of $200,000 and liakilities of $75,000. A patent beld by Holister having a $5,000 book value was sctually worth $20,000. This patent hail a 6-year remaining Life, Any furter excess cost associnted with this acquisition wy attributed to goodwill. During 2017, Holister carned iacome of $30,000 and declarectand paid dividends of 510,000 . In 2018, it had income of $50,000 and dividmds of $15,000. During 2018 , the fair value of Allison's imvestment in Holister had risen from $6$,000 to $75,000. 4 9. How much is Goodaill? A. $4,000 B. $2,000 c. $10,000 D. $0,000 E. It is aot required as the equity method 10. What is the beginning valee of Inveatenent in Holiser in year 2017 7 A. 567,000 A. $50,000 C. $60,000 D. $68,000 E. More informanon is needed