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Equity method journal entries with intercompany sales of inventory investee. a. How much equity income should the investor report for the year? b. What is

image text in transcribed Equity method journal entries with intercompany sales of inventory investee. a. How much equity income should the investor report for the year? b. What is the balance of the Equity Investment at the end of the year? c. Assume that the inventories are all sold in the following year, that the investee reports $150,000 of net income. How much equity income will the investor report for the following year

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