The question given is: On January 5, Year 1, Northstar Manufacturing purchased 10% of Southland Corporation's common stock for $900,000. During the year, Southland had net income of $300,000 and paid dividends of $80,000. For Northstar, the financial statement effects of the purchase of the investment on January 5, Year 1, include a(n):

*I need to understand and see how all the information would be placed on balance sheets and Income statements, for purchase, net income of $300K and the paid dividends. I included screen shots below to show examples.

The following events pertain to United Intergroup's investment in the common stock of Arjent, Inc. July 1, Year 1 Purchase Arjent, Inc., common stock for $1,500,000 December 31, Year 1 Receive a $75,000 cash dividend from Arjent. Income Statement Revenues Expenses Net \& Gains - \& Losses = Income No effect The following events pertain to United Intergroup's investment in the common stock of Arjent, Inc. July 1, Year 1 Purchase Arjent, Inc., common stock for $1,500,000 December 31, Year 1 Receive a $75,000 cash dividend from Arjent. The following events pertain to United Intergroup's investment in the common stock of Arjent, Inc. July 1, Year 1 Purchase Arjent, Inc., common stock for $1,500,000 December 31, Year 1 Receive a $75,000 cash dividend from Arjent. Income Statement Revenues Expenses Net \& Gains - \& Losses = Income No effect The following events pertain to United Intergroup's investment in the common stock of Arjent, Inc. July 1, Year 1 Purchase Arjent, Inc., common stock for $1,500,000 December 31, Year 1 Receive a $75,000 cash dividend from Arjent