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5. As sume the same facts as in problem 4. Assume that the $60,000 ending inventory is sold by amos by the end of 2011.

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5. As sume the same facts as in problem 4. Assume that the $60,000 ending inventory is sold by amos by the end of 2011. Also assume that in 2011, Tolson purchases an additional $80,000 in inventory from third parties and sells it to Ramos for $%100,000. At the end of 2011, $40,000 of this inventory is unsold. In 2011, Tolson earns $500,000 and pays dividends of $400,000. Ramos earns $200,000 and pays dividends of $80,000. by Tolson in 2011? What is the amount of equity income recorded 5. As sume the same facts as in problem 4. Assume that the $60,000 ending inventory is sold by amos by the end of 2011. Also assume that in 2011, Tolson purchases an additional $80,000 in inventory from third parties and sells it to Ramos for $%100,000. At the end of 2011, $40,000 of this inventory is unsold. In 2011, Tolson earns $500,000 and pays dividends of $400,000. Ramos earns $200,000 and pays dividends of $80,000. by Tolson in 2011? What is the amount of equity income recorded

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