Right Company purchased 33,000 common shares (20%) of ON Inc. on January 1, Year 11, for $258,000. 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 ONs 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	Net Income	Dividends Paid	Market Value per Share at December 31
Year 11	$280,000	$85,000	$12
Year 12	(380,000)	85,000	5
Year 13	(480,000)	0	1
Year 14	(580,000)	0	0

Required:

(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.)

	Year 11	Year 12	Year 13	Year 14
Investment, beginning of year	$	$	$	$
Cost
Equity method income
Dividends received
Impairment loss
Investment, end of year	$	$	$	$

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.)

	Year 11	Year 12	Year 13	Year 14
Equity method income	$	$	$	$
Impairment loss
Total income	$	$	$	$