BuyCo, Incorporated, holds $24$ percent of the outstanding shares of Marqueen Company and approprlately applies the equity method

of accounting. Excess cost amortization $($related to a patent$)$ associated with this investment amounts to $$11,200$ per year. For $2023,$

Marqueen reported earnings of $$112,000$ and declares cash dividends of $$34,000.$ During that year, Marqueen acquired inventory for

$$54,000,$ which it then sold to BuyCo for $$90,000.$ At the end of $2023,$ BuyCo continued to hold merchandise with a transfer price of

$$37,000.$

a$.$ What Equity in Investee Income should BuyCo report for $2023?$

b$.$ How will the Intra$-$entity transfer affect BuyCo's reporting in $2024?$

c$.$ If BuyCo had sold the Inventory to Marqueen, would your answers to parts $($a$)$ and $($b$)$ change?