Wader's Corporation paid $120,000 for a 25% interest in Shell Company on July 1,2014.No information is available on the fair value of Shell's assets and liabilities.Assume the equity method.Shell's trial balances at July 1,2014 and December 31,2014 were as follows: 
Required:
1.What is Wader's investment income from Shell for the year ending December 31,2014?
2.Calculate Wader's investment in Shell at year end December 31,2014.
Definitions:
Willingness To Pay
The maximum amount of money a consumer is prepared to spend to obtain a good or service.
Communications Network
A system of interconnected devices or nodes that can communicate with each other to exchange data and information.
Consumer Type
A classification of individuals based on their consumption patterns, preferences, or demographic characteristics.
Willingness To Pay
The maximum amount a consumer is prepared to pay for a good or service.
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