Instructions On January 4, 2016, Spandella Company purchased 159,800 shares of Filington Company directly from one of the founders for a price of $31 por share. Filington has 470,000 shares Outstanding, including tho Spandella shares. On July 2, 2018, Fington paid $782,000 in total didends to its shareholders. On December 31, 2016, Fillington reported a net income of $1,019,000 for the year. Spandeita uses the equity method in accounting for its investment in Fington A. Joumalize the Spandete ine, entries for the transactions involving its investment in Fington Company during 2016. Polar to the Chart of Accounts for exact wording of corontets B. Datormno no December 31, 2016. Daimon of the Westment in Pongton Company stock account Joumal A. Journalize the Spandotta incontros for the transactions involving its investment in Fanpton Company during 2016, Hofer to the Chart of Accounts for exact wording of account PAGE 10 JOURNAL ACCOUNTING EQUATION DATE DESCARTO POST. CANDIT ASETS LATES TOUTY 1 Joumal Final Question A. tity B. Determine the December 31, 2076, balance of the investment in Filington Company stook account