Rich, Inc. acquired 30% of Doane Corporation's voting stock on January 1, 2018 for $1,000,000. During 2018, Doane earned $400,000 and paid dividends of $250,000. Rich's 30% interest in Doane gives Rich the ability to exercise significant influence over Doane's operating and financial policies. During 2019, Doane earned $500,000 and paid cash dividends of $150,000 on April 1 and $150,000 on October 1. On July 1, 2019, Rich sold half of its stock in Doane for $660,000 cash. Before income taxes, what amount should Rich include in its 2018 income statement as a result of the investment? The carrying amount of this investment in Rich's December 31, 2018 balance sheet What should the gain be on sale of this investment in Rich's 2019 income