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9. South Beach Inc. has an equity method investment in Collins Ave Corp. On July 22 2018, the investment in Collins Ave was reported at $235,000 on South Beach's balance sheet. The investment was sold for $400,000 on July 22, 2018. What will South Beach report as a loss on sale of investment. $165,000 b. $120,000 $80,000 d. None of the above a. C