DeRozen Company purchases 1,000 common shares (40%) of Tours of Toronto Incorporated as a long-term investment for $100,000 cash on July 1. Tours of Toronto paid $15,000 in total cash dividends on November 1 and reported net income of $150,000 for the year ended December 31 Prepare DeRozen's journal entry to record the December 31 year-end adjustment for its share of Tours of Toronto's net income. 1a Mutiple Choice Debt Equity Method investments $150,000 credit Earings from Equity Method Investments $150,000. Debit Equity Method investments $60.000, cret Earnings from Equity Method Investments $60.000 Debit Stock Investments $60.000 credit Eamings from Equity Method investments $60.000 Detit Equity Method Investments $150.000 crest Cash $150.000 Debt Cash $60,000, credt Earnings from Equity Method Investments $60.000