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If Apollo Company acquired a 30% interest in Twin Company on December 31, 2021 for P202,500 and during 2022 Twin Company had net income of

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If Apollo Company acquired a 30% interest in Twin Company on December 31, 2021 for P202,500 and during 2022 Twin Company had net income of P75,000 and paid a cash dividend of P30,000, applying the equity method would give a debit balance in the Equity Investments account at the end of 2022 of O P225,000. O P202,500. O P217,500. O P216,000

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