Esplain your calculations with equations.

Chelan Company acquired 25% of the voting stock of Bison Company for $96 million cash. In year 1 , Bison had a net income of $90 million and paid cash dividends of $40 million. Requirement 1. Prepare a tabulation that uses the equity method of accounting for Chelan's investment in Bison. Show the effects on the balance sheet equation. What is the year-end balance in the Investment in Bison account under the equity method