Chase Incorporated sold $260,000 of its inventory to Bartlett Company during 2021 for $400,000. Bartlett sold $300,000 of this merchandise in 2021 with the remainder to be disposed of during 2022. Assume Chase owns 35% of Bartlett and accounts for its investment using the equity method. What journal entry will be recorded in 2022 to recognize its share of the intra-entity gross profit that was deferred in 2021? $35,000 $35,000 $35,000 $35,000 A) Equity in income of Bartlett Investment in Bartlett B) Investment in Bartlett Equity in income of Bartlett C) Equity in income of Bartlett Investment in Bartlett D) Investment in Bartlett Equity in income of Bartlett $12,250 $12,250 $12,250 $12,250 Multiple Choice Entry D Entry No entry is necessary