net income of $$700,000$ and paid a $$0\mathrm{.}85$ per share dividend.

Using the equity method of accounting, what is the journal entry to accrue the current year earnings?

$\backslash$table$[[$Option$,$Debit,Credit$],[\backslash$table$[[$A$.$ No entry is recorded$],[$B$.$ Investment in Booker, Incorporated$],[$Equity in Investee Income$]],$$$700,000,],[\backslash$table$[[$C$.$ Investment in Barger Company$],[$Equity in Investee Income$]],$$$700,000,$$$700,000$