Exam ownership to 40% by purchasing additional shares in B. The following represent the earnings and dividends of B for 2012. e4. Assume A owns 10% of B on January 1, 2012 0nJuly 1, 2012 A increases Income 50,000 70,000 Dividends 30,000 40,000 January 1- June 30 July 1- December 31 1. How much equity income is recognized by A in 2012. 2. How much dividend income is recognized by A in 2012