Right Company purchased 16,000 common shares (25%) of ON Inc. on January 1, Year 11, for $266,000. Right uses the equity method to report its investment in ON because it has significant influence in the operating and investing decisions made by ON. Right has no legal obligation to pay any of ON's liabilities and has not committed to contribute any more funds to ON. Additional information for ON for the four years ending December 31, Year 14, is as follows: Year Year 11 $ 360,000 Net Income Dividends Paid $76,000 Year 12 (460,000) Year 13 Year 14 (560,000) (660,000) 76,000 0 0 Market Value per share at December 31 $22 10 1 0 (a) Calculate the balance in the investment account for each of the Years 11 through 14. Assume that the market value is used in determining whether the investment is impaired. (Leave no cells blank - be certain to enter "0" wherever required. Negative amounts should be indicated by a minus sign. Enter your answers in thousands.) Required: Investment, beginning of year Cost Equity method income Dividends received Impairment loss Investment, end of year +4 Year 11 Year 12 $ Year 13 Year 14 (b) Determine the total income to be reported by Right from its investment in ON for each of the Years 11 through 14. (Leave no cells blank - be certain to enter "0" wherever required. Negative amounts should be indicated by a minus sign. Enter your answers in thousands.) Equity method income Impairment loss Total income Year 11 Year 12 $ tA $ +A $ Year 13 Year 14 $