Use the following information for questions 15 through 18. The summarized balance sheets of Goebel Company and Dobbs Company as of December 31, 2018 are as follows: Goebel Company Balance Sheet December 31, 2018 Assets $2.400.000 Liabilities $ 300,000 Capital stock 1,200,000 Retained earnings 900,000 Total equities $2.400.000 Dobbs Company Balance Sheet December 31, 2018 Assets $1.800.000 Liabilities $410,000 Capital stock 1,150,000 Retained earnings 240,000 Total equities $1.800.000 15. If Goebel Company acquired a 20% interest in Dobbs Company on December 31, 2018 for $350,000 and the fair value method of accounting for the investment were used, the amount of the debit to Equity Investments (Dobbs) would have been a. $278,000 b. $230,000 C. $350,000 d. $360,000 16. If Goebel Company acquired a 30% interest in Dobbs Company on December 31, 2018 for $430,000 and the equity method of accounting for the investment were used, the amount of the debit to Equity Investments (Dobbs) would have been a. $540,000 b. $430,000 C. $345,000 d. $417,000. 17. If Goebel Company acquired a 20% interest in Dobbs Company on December 31, 2018| for $290,000 and during 2019 Dobbs Company had net income of $150,000 and paid a cash dividend of $60,000, applying the fair value method would give a debit balance in the Equity Investments (Dobbs) account at the end of 2019 of a. $230,000 b. $290,000 C. $320,000 d. $308,000 18. If Goebel Company acquired a 30% interest in Dobbs Company on December 31, 2018 for $440,000 and during 2019 Dobbs Company had net income of $150,000 and paid a cash dividend of $60,000, applying the equity method would give a debit balance in the Equity Investments (Dobbs) account at the end of 2019 of a. $440,000 b. $467,000 C. $485,000 d. $422,000 hantoruc