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Help me find the numbers in requirement 2. ...

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Accounting

Help me find the numbers in requirement 2.
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Burke Financial paid $560,000 for a 20% investment in the common stock of Maverick. Inc. For the frst year, Maverick reported net income of $290,000, and at year-end declared and paid cash dividends of $100,000 On the balance-sheet date, the fair value of Burke's investment in Maverick stock was $370,000. Read the cequirements: Requirement 1. Which method is appropriate for Burke to use in accounting for its investment in Maverick? Why? It would be appropriato for Burke to use the method of recording its investment in Maverick, Inc With a holding of this size, 20% of the common stock, if probable that Burke can exercise significant influence on the operations of Maverick, Inc Requirement 2. Show everything that Burke would report for the imvestment and any investmont revenue in its yearend financist statements

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