Equity method journal entries with intercompany sales of inventory An investor owns 30w of an investee, and occounts for its investment using the equity method. At the beginning of the year, the Equity irvestment was reported on the inverstor' balance sheet at $750,000. During the year, the investee reported net income of 5300,000 and paid dividends of 563,600 , in addition, the investor sold inventory to the invertee, realizing a gross profit of $90.000 on the sale. At the end of the year, 40% of the fiveritory remained unsold by the inwestee. a. Provide the equity method journal entries required for the year b. What is the balance of the Fquity invegment at the end of the year? a. Provide the equity method journal entries required for the year 6. What is the batance of the Equity lenvestment at the end of the year? f. Assume that the inventories are all sold in the following year, that the inveitee reports 5337,500 of net income. How much equity income will the investor report far the fellowing years