Equity method journal entries with intercompany sales of Inventory An investor own 25 of an invester, and accounts for its investment using the equity method. At the beginning of the year, the guity investment was reported on the investor's balance sheet at 32.500,000 During the year, the investee reported net income of $1,000,000 and paid dividence of $250,000. In addition, the investor sold inventory to the investeering gross profit of $100.000 on the sale. At the end of the year, of the inventory remained unsold by the investee Provide the equity method journal entries required for the year Den Det Credit record the recente 3 What is the balance of the tournament at the end of the year? Assume that the inventories are alsold in the foowing year, that the investeereports $112.000 af et income. w much it come will the investor report for the followme year