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Use the following information for questions 2830. On January 1,2027, 2Z, Inc, purchased 40% of the outstanding stock of Alpla Cuapany for 5290,000 cash. Alpha

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Use the following information for questions 2830. On January 1,2027, 2Z, Inc, purchased 40\% of the outstanding stock of Alpla Cuapany for 5290,000 cash. Alpha Company reported the following information for 20272028 : The market value of ZZ, Inc."'s investment in Aipha Company at the end of 2027 and 20028 was: December 31, 2028, ZZ, Inc. sold the investment in Alpha Company for $347,000 cash. he amount of investment revenue reported on ZZ, Ine, 's 2027 income statement was equal to: $32,000$128,000$44,000$8,000$76,000 e balance in the investment in Alpha Company account at December 31,2027 was equal to $360,000$312,000$280,000$368,000$320,000 gain or loss on the sale of the investment in Alpha Company reported on ZZ, Inc.' 2028 me statement was equal to: $43,000loss$11,000gain$67,000gain$39,000gain$21,000loss

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