Simple equity method example... On January 1, 20X4, Matrix, Inc. acquired 45% of the equity securities of Apex, Inc. for $1,350,000. On the acquisition date, Apex's net assets had a fair value of $3,000,000. During 20X4, Apex reported net income of $1,750,000 and paid cash dividends of $150,000. 1. How would the investment in Apex be reflected on the balance sheet of Matrix at December 31, 20X4? 2. How would the investment in Apex be reflected in the 20X4 income statement of Matrix? 3. How would the investment in Apex be reflected in the 20X4 statement of cash flow