26) Land Services, Inc. owns 32% of voting stock of World Investments, Inc. During the year 2018, World Investments, Inc. earned profits of $320,000. Under the equity method, which of the following journal entries will Land Services record? A) Equity Investments - World Investments, Inc. 320,000 Cash 320,000 B) Cash 102,400 Dividend Revenue 102,400 C) Cash 102,400 Equity Investments - World Investments, Inc. 102,400 D) Equity Investments - World Investments, Inc. 102,400 Revenue from Investments 102,400 27) Marley Investments, Inc. purchased 45% of the common stock of Beige Corporation on January 1, 2019. Beige Corporation reports a net income of $720,000 for the 2019 year. Which of the following is the correct journal entry? A) Equity Investments - Beige Corporation 324,000 Revenue from Investments 324,000 B) Cash 324,000 Revenue from Investments 324,000 324,000 324,000 Revenue from Investments Cash D) Revenue from Investments Equity Investments - Beige Corporation 324,000 324,000