Question: I need the solution and the answer of this question. I am in a hurry, so quick response will be appreciated. Thank you! Apple Co.,

I need the solution and the answer of this question. I

I need the solution and the answer of this question. I am in a hurry, so quick response will be appreciated. Thank you!

Apple Co., a private company that reports under ASPE purchased 100 shares of Bandage Inc., another private company with 100,000 shares outstanding, on January 1, 2020 for $6,020. During 2020, Bandage reported earnings of $13 per share, and declared dividends of $2 per share. The fair value of Apple's investment in Bandage at Dec 31, 2020 was $7,680. What is the reported value of Apple's investment in Bandage on Apple's Dec 31, 2020 balance sheet

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