plz answer this Q

chapter 10 Saved Help Save & Exit Submit Check my work 7 On January 1, 2020, Alison, Inc., paid $81,200 for a 40 percent interest in Holister Corporation's common stock. This investee had assets with a book value of $219,000 and liabilities of $80,500, A patent held by Holister having a $7,400 book value was actually worth $55,400. This patent had a six-year remaining life. Any further excess cost associated with this acquisition was attributed to goodwill. During 2020, Holister earned income of $54,200 and declared and paid dividends of $18,000. In 2021, it had income of $66,700 and dividends of $23,000. During 2021, the fair value of Allison's investment in Holister had risen from $95,480 to $98,960. 20 points Skipped a. Assuming Alison uses the equity method, what balance should appear in the Investment in Holister account as of December 31, 2021? b. Assuming Alison uses fair-value accounting, what Income from the investment in Holister should be reported for 2021? eBook a Print Investment in Holister Investment income b References