31. Textile Manufacturing owns 30% of Propper Inc. stock. Propper pays a total of $47,000 in cash dividends for the period. Textile's entry to record the cash dividend received from Propper would include a:

Select one:

a. Credit to Earnings from Equity Method Investment for $14,100

b. Debit to Equity Method Investments for $14,100

c. Credit to Equity Method Investments for $14,100

d. Credit to Dividend Revenue for $14,100

e. Debit to Cash for $47,000

32. Hamilton Corporation purchased 40% of Burr Corporation for $100,000 on January 1. On June 20 of the same year, Burr Corporation declared total cash dividends of $50,000. At year-end, Burr Corporation reported net income of $200,000. The balance in Hamilton's Equity Method InvestmentsBurr Corporation account as of December 31 should be:

Select one:

a. $160,000

b. $100,000

c. $200,000

d. $250,000

e. $350,000