ohannes Inc. acquired 80 percent of Corner Brook Ltd. common shares on January 1, Year 4 , for $720,000. At that date, the fair value ft the non-controlling interest was $180,000 Comer Brook's balance sheet contained the following amounts at the time of the combination: During each of the next three years, Cornet Brook reported net income of $100,000 and paid dividends of $40,000. On January 1 , Year 6. Johannes sold 8,000 of the Corner Brook shares for $240,000 in cash. Johannes used the equity method in accounting for its ownership of Comer Brook Required: (a) Compute the balance in the investment account reported by Johannes on January 1, Year 6 , before its sale of shares. (Omit $ sign in your response.) Balance prior to sale of shares (b) Prepare the entry recorded by Johannes when it sold the Comer Biook shares. (If no entry is required for a transoction/event, select "No journol entry required" in the first occount field.) (b) Prepare the entry recorded by Johannes when it sold the Comer Brook shares. (If no entry is required for a transaction/event, select "No journol entry required" in the first account fleld.) Journal entry worksheet Notes Enter debla before credits (c) Caiculate consolidated net income attributable to the noncontroling interest for Yeat 6 and noncontrolling interest at the end of Year 6. (Omit 5 sign in your response.)