TCO A) On January 3, 20X5, Dalton Co. paid $600,000 for 25% of the voting common stock of Grandview Corp. At the time of the investment, Grandview had net assets with a book value and fair value of $1,900,000. During 20X5, Grandview incurred a net loss of $75,000 and paid dividends of $120,000. Any excess cost over book value is attributable to goodwill with an indefinite life. Required: (1) Prepare a schedule to show the amount of goodwill from Dalton's investment in Grandview. (2) Prepare a schedule to show the balance in Dalton's investment account at December 31, 20X5.