Cost versus Equity Reporting Winston Corporation purchased 40 percent of the stock of Fullbright Company on January 1 20X2, at underlying book value. The companies reported the following operating results and dividend payments during the first three years of intercorporate ownership: Winston Corporation Fullbright Company Year Operating Income Dividends Net Income Dividends 20X2 $100,000 40,000 $70,000 $30,000 0,000 80,000 40,000 60,000 20X3 20X4 250,000120,000 25,000 50,000 Required Compute the net income reported by Winston for each of the three years, assuming it accounts for its investment in Fullbright using (a) the cost method and (b) the equity method