You acquired 85 percent of the outstanding voting shares of Gleason, Inc., on December 31, 2018. You paid a total of $ 651,950 in cash for these shares. The 15 percent non-controlling interest shares traded on a daily basis at fair value of $ 115,050 both before and after your acquisition. On December 31, 2018, Gleason had the following asset and liability account balances: Book Value Fair Value Current assets. Land .... Buildings ( 20-year life).... Equipment ( 10-year life)..... Patents ( 5-year life) ...... Notes payable ( 2- year life)..... $ 61,000 $ 194,000 $ 239,000 $177,000 $ 61,000 $ 220,000 - $ 183,000 - $ 218,000+0 $ 67,000U $( 201,000) 20.000 50.000 : 2 41.000! 67.000 $(211,000) December 31, 2020, adjusted trial balances for the two companies follow: You Current assets .... Land ......... Buildings ...... Equipment ...... Investment in Gleason, Inc... Notes payable ....... Common stock ..... Retained earnings, 1/1/20.. Dividends paid ....... $ 440,000 $ 320,000 $ 475,000 $ 624,000 Not given $ (520,000) $ 780,000) $(1,353,000) $ 200,000 Gleason $225,000 $ 80,000 $ 290,000 175,000 - - $ (200,000) $( 180,000) $ (340,000) $ 70,000 Revenues ... Cost of goods sold ...... Depreciation expense... Interest expense ....... Investment income ...... $ (1,200,000) $ 790,000 $ 240,000 $ 89,000 Not given $ (320,000) $ 110,000 $ 60,000 $ 30,000 - - 20 During 207, Gleason sold goods costing $ 21,700 to you for $ 31,500. As of Dec. 31, 2020, you are still holding half of that in your inventory. Equity inc ac Required: 1. The balance in the Investment Income account at Dec. 31, 2020 is: Partial equity method = Equity method = cals account 2. The balance in the Non-controlling Interest account is: Dec. 31, 2019 = Dec. 31, 2020 = 3. The Non-controlling Interest in Gleason Income for 2020 =