Equity Method for Stock Investment On January 4, 2076, Spandela Company purchased 72,000 shares of Fington Company directly from one of the founders for a price of 356 per share. Faington has 200,000 shares outstanding, including the Spandella shares. On July 2, 2016, Filington paid 5194,000 in total dividends to its shareholders. On December 31, 2016. Fington reported a net income of 1672,000 for the year. Spandela ves the souty method in accounting for its investment in Filington - Journalize the Spandella Inc. entries for the transactions involving its investment in rington Company during 2016 2016 Jan 4 2016 July 2 2016 D. 1. Determine the December 31, 2016,bane of the mention Company Stock