Sage Hill Inc., a public company, owns 20% of Dong Ltd.'s common shares for strategic purposes. The investment's carrying amount at January 1, 2021, is $296,400. During the year, Dong reported profit of $256,300 and paid a dividend of $15,800. The investment's fair value on December 31, 2021, Sage Hill's year end, is $315,100. Assume instead that Sage Hill is a private company and reports the investment using cost. Indicate the amount reported on the balance sheet for the investment at December 31 and the amount of income from this investment reported in the income statement. Balance Sheet: Short-Term Investments Share Capital Total Current Assets Short-Term Investments Total Current Liabilities Current Liabilities Total Share Capital Non-Current Assets Current Assets Total Non-Current Assets td. sociate Cost Method EA tA 344500 51260 Assume instead that Sage Hill is a private company and reports the investment using cost. Indicate the amount reported on the balance sheet for the investment at December 31 and the amount of income from this investment reported in the income statement. Balance Sheet: Short-Term Investments Investment in Associate, Dong Ltd. Income Statement: Income from Investment in Associate Dividend Revenue Income from Investment in Associate Interest Expense Investment in Associate, Dong Ltd. Gain on Sale of Trading Investments Interest Revenue Gain on Fair Value Adjustment Loss on Sale of Trading Investments Save for Later GA $ SA Cost Method 344500 51260 Assistance Used