Russell Financial paid $550,000 for a 20% investment in the common stock of Warrior, Inc For the first year, Waror reported net income of $200,000, and at year-end declared and paid cash dividends of $145,000 On the balance sheet dato, the fair value of Ruscol's investment in Watrior stock was $430,000 Read the requirements Requirement 1. Which method is appropriate for Russell to use in accounting for its investmont in Warrior? Why? It would be appropriate for Russell to use the method of recording its investment in Warrior, Inc. consolidation oquity fair value Requirements 1. Which method is appropriate for Russell to use in accounting for its investment in Warrior? Why? 2. Show everything that Russell would report for the investment and any investment revenue in its year-end financial statements