Need help in ACCT 551 please.

Rich, Inc. acquired 30% of Doane Corp.'s voting stock on January 1, 2010 for $400,000. During 2010, Doane earned $160,000 and paid dividends of $100,000. Rich's 30% interest in Doane gives Rich the ability to exercise significant influence over Doane's operating and financial policies. During 2011, Doane earned $200,000 and paid dividends of $60,000 on April 1 and $60,000 on October 1. On July 1, 2011, Rich sold half of its stock in Doane for $264,000 cash. What should be the gain on sale of this investment in Rich's 2011 income statement? a. $64,000. b. $55,000. c. $49,000. d. $40,000. C. $49,000 $418,000 ($60,000 30%) + ($200,000 50% 30%) = $430,000. $264,000 ($430,000 2) = $49,000. Question 1: How do I get the $418,000? During 2008, Hauke Co. purchased 2,000, $1,000, 9% bonds. The carrying value of the bonds at December 31, 2010 was $1,960,000. The bonds mature on March 1, 2015, and pay interest on March 1 and September 1. Hauke sells 1,000 bonds on September 1, 2012, for $988,000, after the interest has been received. Hauke uses straightline amortization. The gain on the sale is a. $0. b. $4,800. c. $8,000. d. $11,200. B. 4,800 Discount amortization: $40,000 8/50 = $6,400 ($1,960,000 + $6,400) 2 = $983,200; $988,000 $983,200 = $4,800 gain. Question 2: How do I get the $40,000