Company X ows 10,000,000 shares of voting common stock of a foreign entity that it accounts for using the equity method of accounting. The 10,000,0000 shares constitute 40% of the oustanding shares of voting common stock of the foreign entity. The foreign entity has its own functional currency, which is differenet than Company X's reporting currency.. The cumulative translation adjustment as of December 31, 2020 in Company X's consolidated financial statements relating ot this investee is $ 1.5 million debit balance. Subequent to year-end, Company X sells 2,000,000 of the shares held in this foreign entity to outside investors. As a result of this transaction, Company X now owns 32% of the foreign entity's' voting common stock and continues to apply the equity method. What is the impact of this sale transaction on Company X's cumulative translation adjustment account? There is no impact $480,000 debit $480,000 credit $300,000 credit