Xavier Funds, Inc. purchases 15,000 shares of Mesa Petroleum Corporation on January 1, 2020, at $105 per share. Mesa Petroleum reports 2020 net income of $450,000 and declares and pays a cash dividend of $6 per share during 2020. Mesa Petroleum's stock is trading at $126 per share as of 12/31/20. Xavier Funds shows the net of all investment-related revenues and expenses as 'Investment Income, ne on its Income Statement. Assume that when Xavier purchases its shares in Mesa Petroleum, Mesa has 100,000 total outstanding common shares so Xavier accounts for its investment in Mesa using the FAIR VALUE Method. What is the balance shown for "Investments" on Xavier's 12/31/20 Balance Sheet? $1,710,000 $1,575,000 $1,890,000 $1,620,000 Assume that when Xavier purchases its shares in Mesa Petroleum, Mesa has 100,000 total outstanding common shares so Xavier accounts for its investment in Mesa using the FAIR VALUE Method. What is the balance shown for "Investment Income, net" on Xavier's 2020 Income Statement? $315,000 $472,500 $90,000 $405,000 The NEW part: Assume that when Xavier purchases its shares in Mesa Petroleum, Mesa instead has 50,000 total outstanding common shares so Xavier accounts for its investment in Mesa using the EQUITY Method. What is the balance shown for "Investments" on Xavier's 12/31/20 Balance Sheet? $1,710,000 $1,890,000 $1,575,000 $1,620,000 Assume that when Xavier purchases its shares in Mesa Petroleum, Mesa has 50,000 total outstanding common shares so Xavier accounts for its investment in Mesa using the EQUITY Method. What is the balance shown for "Investment Income, net' on Xavier's 2020 Income Statement? $540,000 $135,000 $225,000 $90,000