$1.$ On January $1,2018,$ Apex Ltd$.$ acquired $20\%$ of Marvel Corp.$$s outstanding common stock for $$80,000$

and did not have significant influence. Marvel reported net income of $$120,000$ in $2018$ and paid out

dividends of $$40,000.$ The fair value of Apex$$s investment was $$96,000$ as of December $31,2018.$ On

January $5,2019,$ Apex purchased an additional $15\%$ of Marvel for $$72,000,$ thereby gaining significant

influence over Marvel. During $2019,$ Marvel earned $$150,000$ and paid $$60,000$ in dividends. As of

December $31,2019,$ Marvel reported a net book value of $$600,000.$ At the date of the second purchase,

Apex determined that Marvel Corp.$$s book values approximated fair values and attributed any excess cost

to goodwill. On Apex$$s December $31,2019,$ balance sheet, what balance was reported for the Investment

in Marvel Corp. account? What amount of equity income should Apex have reported for $2019?$