When I study Adv Financial Accounting, I meet the following problems can you help me to fill out the blank and explain why. Thank you so much

On January 1, 2020, High Hopes Investment Corporation made two separate investments, one investment in Sky High Tech Company and the other investment in Lucky Media, Incorporated. High Hopes paid $ 80,000 on the open market for 10% of the outstanding equity of Sky High Tech Company, and paid $ 125,000 in a private transaction for 5% of the outstanding equity of Lucky Media. Sky High Tech Company is a publicly-traded entity that reported Net Income of $ 120,000 in 2020. During 2020, Sky High Tech declared and paid a total of $ 60,000 of dividends. While Sky High did not issue or repurchase any shares during 2020, their market capitalization continued to increase, growing from $ 800,000 on January 31, 2020 to $1,300,000 on Dec. 31, 2020. Lucky Media was "taken private" in 2018. In January 2020, one of the partners in the ownership group that had taken the company private sold his stake to High Hopes as he wanted to liquidate his investment. As a private company, fair market values are not readily available. During 2020, Lucky Media reported Net Income of $ 30,000, but was able to maintain their total annual dividends of $ 50,000. Because each company has a large, dominant shareholder, High Hopes is unable to exert any influence at either company. Based on the information provided above, in accordance with applicable US GAAP, please complete the below chart: 10% of Sky High Tech Company 5% of Lucky Media Inc. Accounting Method to be used for this investment (Pre-Tax) Net Income Year Ending Dec. 31, 2020 Amount Reported on Balance Sheet: December 31, 2020