4. Investments: On January 1, 2020, Selos paid $20 million for a 40% Investment in ABC Lid. ABC reported a net income of $8 million and paid cash dividend of $2 milion during 2020, 1. What method should Selus use to account for the investment in ABC7 Briefly explain the method 2. Journal the three transactions required for Selus (in millions, to write 25 if it is 25 million do not write 25,000,000) Accounts Debit Credit Investment in ABC Ltd. ABC Lid reported net income ABC Lid, paid dividends 3. What is the investment balance as of December 31, 2020? 4. Assume Solus sold its investment in ABC for $20 million Journalize the transaction (in Million write 25 ft is 25 million do not write 25,000,000) Preve Neal