1.) Land Services, Inc. owns 35% of voting stock of World Investments, Inc. During the year 2018, World Investments, Inc. earned profits of $280,000. Under the equity method, which of the following journal entries will Land Services record?

2.)

Shelcal, Inc. provides the following data for the year 2019:

Net Sales Revenue	397,630
Cost of Goods Sold	255,000

The cost of goods sold as a percentage of net sales revenue is ________. (Round your answer to two decimal places.)