cash dividends of $30,000,000 to all outstanding stockholders during 2024. (Assume all outstanding stock is voting stock.) Read the requirements. Requirement 1. What method should Westfall Motors use to account for the imvestment in Diesel Motors? Give your reasoning. Diesel paid cash dividends of $30,000,000 to all outstanding shareholders during 2024 . Diesel earned net income of $20,000,000 during 2024 . Begin by selecting the investment account and posting the 2024 transactions to the investment T-account. Calculate the balance after all the transactions are posted. Begin by selecting the investment account and posting the 2024 transactions to the investment T-account. Calculate the balance after all the transactions are posted. How would this balance be classifled on the balance sheet dated December 31,2024 ? This balance would be classiiied as on the balance sheet dated December 31,2024. cash dividends of $30,000,000 to all outstanding stockholders during 2024. (Assume all outstanding stock is voting stock.) Read the requirements. Requirement 1. What method should Westfall Motors use to account for the imvestment in Diesel Motors? Give your reasoning. Diesel paid cash dividends of $30,000,000 to all outstanding shareholders during 2024 . Diesel earned net income of $20,000,000 during 2024 . Begin by selecting the investment account and posting the 2024 transactions to the investment T-account. Calculate the balance after all the transactions are posted. Begin by selecting the investment account and posting the 2024 transactions to the investment T-account. Calculate the balance after all the transactions are posted. How would this balance be classifled on the balance sheet dated December 31,2024 ? This balance would be classiiied as on the balance sheet dated December 31,2024