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If White Inc acquired a 30% interest in Lavender Ltd. on January 1, 2020 for $90,000, and during 2020 Lavender reported net income of $50,000

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If White Inc acquired a 30% interest in Lavender Ltd. on January 1, 2020 for $90,000, and during 2020 Lavender reported net income of $50,000 and paid a total cash dividend of $20,000. White reported Net Income of $125,000 and paid not dividends. Applying the equity method would result in an increase (decrease) to White's Investment in Lavender Ltd. account for 2020 of $50,000 $120,000) O $30,000 $9,000

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