Matthew, Inc owns 30 percent of the outstanding stock of Lindman Company and has the ability to significantly influence the Investee's operations and decision making on January 1, 2018, the balance in the investment in Lindman account is $393,000 Amortization associated with this acqutsition is $9,900 per year in 2018, Lindman earns an income of $172,000 and declares cash dividends of $43.000 Previously, in 2017, Lindman nad sold inventory costing $44.400 to Matthew for $74,000 Matthew consumed all but 25 percent of this merchandise during 2017 and used the rest during 2018 Lindman sold additional Inventory costing 550,400 to Matthew for $90,000 in 2018 Matthew did not consume 40 percent of these 2018 purchases from Lindman until 2019. o. What amount of equity method income would Matthew recognize in 2018 from its ownership Interest in Lindman? b. What is the equity method balance in the investment in Lindman account at the end of 2018? S Equity income Investment in Lindman account 18.108 398,208 D $