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Riverbed Inc. acquired 20% of the outstanding common stock of Theresa Kulikowski Inc. on December 31,2020 . The purchase price was $998,800 for 45,400 shares.

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Riverbed Inc. acquired 20% of the outstanding common stock of Theresa Kulikowski Inc. on December 31,2020 . The purchase price was $998,800 for 45,400 shares. Kulikowski Inc. declared and paid an $0.80 per share cash dividend on June 30 and on December 31 , 2021. Kulikowski reported net income of $708,000 for 2021 . The fair value of Kulikowski's stock was $25 per share at December 31 , 2021. (a) (b). (c) At what amount is the investment in securities reported on the balance sheet under each of these methods at December 31 , 2021? What is the total net income reported in 2021 under each of these methods

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