this question please:

Total Assets $560,000 Total Liabilities and Equities $560,000 During 2017, Snuggie Corporation reported a net income of $30,000 and paid dividends of $10,000. The fair values of Snuggie's assets and liabilities were equal to their book values at the date of acquisition, with the exception of Building and Equipment, which had a fair value of $40,000 above book value. All buildings and equipment had a remaining useful life of five years at the time of the acquisition. The amount attributed to goodwill as a result of the acquisition is not impaired. Required: A. What amount of income will Poor record during 2017 under the equity method of accounting? B. What amount of income will Poor record during 2017 under the cost method of accounting? C. What will be the balance in the investment account on December 31, 2017, under the cost and equity method of accounting? 1 B E Go TCLFinis on 7 Poor Company purchased 50% of Snuggie Corporation on January 1, 2017 for $150,000. Snuggie Corporation's balance sheet at the time of acquisition was as follows: out of Cash $30,000 Current Liabilities $40,000 question Accounts Receivable 120,000 Bonds Payable 200,000 Inventory 80,000 Common Stock 200,000 Land 150,000 Additional Paid in Capital 40,000 Buildings & Equipment 300,000 Retained Earnings 80,000 Less: Acc. Depreciation (120,000) Total Assets $560,000 Total Liabilities and Equities $560,000 During 2017, Snuggie Corporation reported a net income of $30,000 and paid dividends of $10,000. The fair values of Snuggie's assets and liabilities were equal to their book values at the date of acquisition, with the exception of Building and Equipment, which had a fair value of $40,000 above book value. All buildings and equipment had a remaining useful life of five years at the time of the acquisition. The amount attributed to goodwill as a result of the acquisition is not impaired. Required: accounting? A. What amount of income will Poor record during 2017 under the equity method of TCL