20X1: 20,000 Company P purchased 70% stock in Company Son Jan 1, 20x1 for $200,000. Company S reported the following information for the year Income before Extraordinary Income $90,000 Extraordinary Income Net Income 110,000 Also, Company Spaid a dividend of $40,000 during the year 20X1. Under the equity method, in the books of P, The dividend revenue will be credited with $28,000 The extraordinary income will be credited with $14,000. The extraordinary income will be credited with $77,000. The investment revenue will be credited with $77,000