Use the following information in answering questions 3 and 4. On January 1, 2018, Norton Corporation acquired a 15% interest in Liddy Corporation for $120,000 when Liddy's stockholder's equity consisted of $600,000 capital stock and $200,000 retained earnings. Book values of Liddy's net assets equaled their fair values on this date. Liddy's net income and dividends for 2018 through 2020 are as follows: Net income Dividends paid 2018 $15,000 10.000 2019 $15,000 10,000 2020 $25,000 10,000 3. Assume that Norton uses the Fair Value/Cost Method of accounting for its investment in Liddy. The balance in the Investment in Liddy account at December 31, 2020 will be: 4. Assume that Norton has significant influence and uses the equity method of accounting for its investment in Liddy. The balance in the Investment in Liddy account at December 31, 2020 will be