Fairway Gold Corp. owns equity-method investments in several companies. Suppose Fairway paid $14,000,000 to acquire a 40 percent investment in Minebuilder Ltd. Further, assume Minebuilder Ltd. reported net income of $1,780,000 for the first year and declared and paid cash dividends of $875,000. Calculate the balance in the Investment in Minebuilder Ltd. Common Shares account. Assume that after all the above transactions took place, Fairway Gold Corp. sold its entire investment in Minebuilder Ltd. common shares for $16,500,000. Journalize the sale of the investment. Disregard broker commissions on sale. Calculate the balance in the Investment in Minebuilder Ltd. Common Shares account. (Leave any unused cells blank.) Investment in Minebuilder Ltd. Common Shares Balance Journalize the sale of the investment. (Record debits first, then credits. Explanations are not required.) Date Journal Entry Accounts Debit Credit