Cayman Inc. bought 30% of Maya Company on January 1, 2021 for $450,000. The equity method of accounting was used. The book value and fair value of the net assets of Maya on that date were $1,500,000. Maya began supplying inventory to Cayman as follows: Amount Held by Cayman at Year- Year Cost to Transfer Maya Price 2021 $ 30,000 $ 45,000. 2022 $ 48,000 $ 80,000 End $ 9,000 $20,000 Maya reported net income of $100,000 in 2021 and $120,000 in 2022 while paying $40,000 in dividends each year. 710777