On January 1, 2020, Edgecor Corporation and Another Company Created

On January 1, 2020, Edgecor Corporation and another company created a joint venture. Each company contributed $10 million and has a 50% interest in the joint venture. At December 31, 2020, the end of Edgecor's accounting year, the joint venture reports the following balance sheet:
$\begin{array}{lr}&\text { Joint Venture }\\\text { Current assets } & \$ 18,000,000 \\\text { Land, buildings, and equipment, net } & 200,000,000 \\\text { Investments in securities } & 2,000,000 \\\text { Total assets } & \$ 220,000,000 \\& \\\text { Liabilities } & \$ 197,320,000 \\\text { Capit al stock } & 20,000,000 \\\text { Ret ained earnings } & 2,500,000 \\\text { Accumulated other comprehensive income } & 180,000 \\\text { Total liabilities \& equity } & \$ 220,000,000\end{array}$
The joint venture paid $1,000,000 in dividends during 2020. The estimated market value of a 50% ownership of the joint venture is $15,000,000 at the end of 2020. Edgecor uses the equity method to account for its joint venture.
Required a. What was the joint venture's reported net income for 2020?
b. Prepare a schedule calculating Edgecor's ending investment balance.
c. Edgecor's 2020 beginning and ending credit balances for accumulated other comprehensive income were $160,000 and $140,000, respectively. What was Edgecor's 2020 other comprehensive income or loss from its own operations?