On January 1, Caviar Corporation purchased, as long-term investments, 8 percent of the voting stock of Union Corporation for $500,000 and 45 percent of the voting stock of Boss Corporation for $4 million. During the year, Union Corporation had earnings of $200,000 and paid dividends of $80,000. Boss Corporation had earnings of $600,000 and paid dividends of $400,000. The market value did not change for either investment during the year. Which of these investments should be accounted for using the cost-adjusted-to-market method? Which should be accounted for using the equity method? At what amount should each investment be carried on the balance sheet at year end? Give a reason for each choice.