National Gold Corp. owns equity-method investments in several companies. Suppose National paid 519,000,000 to acquire a 40 percent investment in Minecraft Ltd Further, assume Minecraft Ltd reported net income of 51.780.000 for the first year and declared and paid cash dividends of $825.000 Calculate the balance in the investment in Minecraft Ltd. Common Shares account Assume that after all the above transactions took place National Gold Corp. sold its entire investment in Minecraft Ltd. common shares for $21.500.000. Journalize the sale of the investment Disregard broker commissions on sale Calculate the balance in the Investment in Minecraft Ltd. Common Shares account. (Leave any unused cells blank.) Investment in Minecraft Ltd. Common Shares Balance Journalize the sale of the investment (Record debits first, then credits. Explanations are not required.) Journal Entry Date Accounts Debit Credit