! Required information [The following information applies to the questions displayed below.) Giola Company acquired some of the 84,000 shares of outstanding common stock (no par) of Tristezza Corporation during the current year as a long-term investment. The annual accounting period for both companies ends December 31. The following transactions occurred during the current year: Jan. 10 Purchased 18,875 shares of Tristezza common stock at $12 per share. Dec. 31 . Received the current year financial statements of Tristezza Corporation that reported net income of $97,000. b. Tristezza Corporation declared a cash dividend of $0.6 per share. e. Tristezza Corporation paid the cash dividend declared in (b). d. Determined the market price of Tristezza stook to be $11 per share. 3. Show how the long-term investment and the related revenue should be reported on the current year's financial statements (balance sheet and income statement) of the Glola Company (Round your intermediate percentage answer to 1 decimal place (For example, 129 should be 12.9%).) GIOIA COMPANY Balance Sheet (partial At December 31, Current Year Long-term investments