BuyCo, Inc., holds 29 percent of the outstanding shares of Marqueen Company and appropriately applies the equity method of accounting. Excess cost amortization (related to a patent) associated with this investment amounts to $10,200 per year. For 2020, Marqueen reported earnings of $110,000 and declares cash dividends of $30,000. During that year, Marqueen acquired inventory for $56,000, which it then sold to BuyCo for $70,000. At the end of 2020, BuyCo continued to hold merchandise with a transfer price of $38,000. a. What Equity in Investee Income should BuyCo report for 2020? b. How will the intra-entity transfer affect BuyCo's reporting in 2021? c. If BuyCo had sold the inventory to Marqueen, would the answers to (a) and (b) have changed?