Transaction	(a) Fair Value Method			(b) Equity Method
	Investment	Dividend		Investment	Investment
	Account	Revenue		Account	Revenue
1. At the beginning of Year 1, Crane bought 30% of Hudson's common stock at its book value. Total book value of all Hudson's common stock was $800,000 on this date.
2. During Year 1, Hudson reported $60,000 of net income and paid $30,000 of dividends.
3. During Year 2, Hudson reported $30,000 of net income and paid $20,000 of dividends.
4. During Year 3, Hudson reported a net loss of $10,000 and paid $4,000 of dividends.
5. Indicate the Year 3 ending balance in the Investment account, and cumulative totals for Years 1, 2, and 3 for dividend revenue and investment revenue.