B) $258,000 C) $308,000 D) $232,000 26) Boston Exporters purchased 40,000 of the 100,000 outstanding sharesof Giant Distributors for $2,000,000. Boston has significant influence over Giant and will account for this investment using the equity method. During the year, Giant declared dividends of S140,000 and reported Net Income of $800,000 Requirement: Record all necessary journal entries for Boston related to this investment for the year.(2.5 points)