McKnight Corporation owns equity-method investments in several companies. McKnight paid $1,500,000 to acquire a 30% investment in Riggins Software Company. Riggins reported net income of $660,000 for the first year and declared and paid cash dividends of $440,000. Without making journal entries, record the investment transactions directly in the McKnight T-account, Equity-method Investment. Assume that after all the noted transactions took place, McKnight sold its entire investment in Riggins for cash of $2,700,000. How much is McKnight's gain or loss on the sale of the investment? Post the investment transactions and determine the balance in McKnight's T-account for Equity-method Investment. Equity-method Investment Assume that after all the noted transactions took place, McKnight sold its entire investment in Riggins for cash of $2,700,000. How much is McKnight's gain or loss on the sale of the investment? If McKnight sold its entire investment in Riggins for cash of $2,700,000, it would record a of $ Choose from any list or enter any number in the input fields and then continue to the next