LO$2,4,538.$ Equity method journal entries with intercompany sales of inventory

An investor owns $30\%$ of an investee, and accounts for its investment using the equity method. At the beginning of the year, the Equity Investment was reported on the investor's balance sheet at $$750,000.$ During the year, the investee reported net income of $$300,000$ and paid dividends of $$63,000.$ In addition, the investor sold inventory to the investee, realizing a gross profit of $$90,000$ on the sale. At the end of the year, $40\%$ of the inventory remained unstid by the investee.

a$.$ Provide the equity method journal entries required for the year