0. The amount debited to the investment account when STU Co. acquires 80% of the common stock of VWY Co. for $300,000 cash is $300,000 1. On January 2, Peach Company purchases 35% of the 20,000 outstanding shares of $10 par common stock of Sharpe Corporation at $18. The amount debited to Investment in Sharpe Corporation Stock is $ 2'4. Sharpe Corporation realizes net income of $75,000 and declares and pays cash dividends of $45,000 in the first year following acquisition by Peach Co. 2. Peach Co.s share of the $75,000 of net income amounts to $ 3. Peach Co.s share of the $45,000 of dividends amounts to $ 4. Peach Co.s net increase in its investment in Sharpe Corporation amounts to $ 5. Pull Corporation purchases 100 shares of Bill Co.s $15 par common stock at $47 a share, plus a brokerage fee of $100. The amount of the debit to record the purchase is $ 6. Pull Corporation sells the shares of Bill Co. in Question 5 at $45 a share, with net proceeds of $4,400. The amount of the gain or loss from the sale is $ 7. In fair value accounting, the change in the reported values of assets and liabilities will be shown in the ________________________ account.