Mainmont Industries uses the equity method to account for its long-term equity investments from affiliates. The following information from the financial statements of Mainmont refers to an investment in the securities of Tumbleweed Construction, a company 30 percent owned by Mainmont: 2011 2010 Long-term investment in equity securities S29,000 S25,000 Income from equity securities 12,000 7.000 Mainmont neither purchased nor sold any equity securities during 2011. a. How much net income did Tumbleweed Construction earn during 2011? b. What was the dollar amount of the total dividend declared by Tumbleweed Construction during 2011? c. Provide the journal entries recorded by Mainmont during 2011 with respect to its investment in Tumbleweed Construction