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Required information [The following information applies to the questions displayed below.] Gioia Company acquired some of the 79,000 shares of outstanding common stock (no par) of Tristezza Corporation during the current year as a long-term investment. The annual accounting period for both companies ends December 31. The following transactions occurred during the current year: Purchased 17,875 shares of Tristezza common stock at $19 Jan 10 per share. 31 a. Received the current year financial statements of Dec Tristezza Corporation that reported net income of $96,000 b. Tristezza Corporation declared a cash dividend of $0.6 per share c. Tristezza Corporation paid the cash dividend declared in (b) d. Determined the market price of Tristezza stock to be $18 per share. 3. Show how the long-term investment and the related revenue should be reported on the current year's financial statements (balance sheet and income statement) of the Gioia Company. (Round your intermediate percentage answer to 1 decimal place (For example, 129 should be 12.9%).) GIOIA COMPANY Balance Sheet (partial) At December 31, Current Year Long-term investments: Investments 321.750 X GIOIA COMPANY Income Statement (partial) For the Current Year Ended December 31 Dividend revenue 10,725