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Use the following information to answer questions 4 and 5: In January 2021, Paris Company purchased 1,000 shares of common stock of Oslo Company for

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Use the following information to answer questions 4 and 5: In January 2021, Paris Company purchased 1,000 shares of common stock of Oslo Company for $50,000. Oslo has 4,000 total shares of common stock outstanding. In October 2021, Paris received $4,000 in dividends from Oslo. For the year ended December 31, 2021, Oslo Company reported net income of $40,000. At December 31, 2021, the market value of Oslo Company's common stock was $53 per share. Question 4 4 pts At what amount would Paris Company report this investment on its December 31, 2021 balance sheet? $56,000 $50.000 $54.000 $53.000 Question 5 4 pts How much total investment income would Paris Company report in its year ended December 31, 2021 income statement relative to this investment? $10,000 $7.000 $4.000 $6,000

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