Beach Haven Co. purchases 30% of the stock of Ship Bottom, Inc. on January 1.2021. The book values of Ship Bottoms net assets are equal to fair value. except for the following assets, which have differences Asset Inventory Equipment Land Customer Lists Book Value 80.000 22.000 250.000 Fair Value 83.000 12.000 290,000 15.000 Remaining Useful lite 100% sold during 2021 years 10 years OOOO At December 31, 2022 second year after purchase. Beach Haven will make an adjustment on its books under the equity method to record the amortization of fair value/book value differences. That entry will include a credit to Investment in Ship Bottom for $300 debit to Income from Ship Bottom for $600. credit to Investment in Ship Bottom for $600. credit to Income from Ship Bottom for $300