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On January 1, 2017, Natural Food Corporation purchased 40% of Developers Corporation for $620,000. During the year, Developers earned $260,000 in income and distributed dividends

On January 1, 2017, Natural Food Corporation purchased 40% of Developers Corporation for $620,000. During the year, Developers earned $260,000 in income and distributed dividends of $60,000. At the end of the year, Natural food sold its investment in Developers for $800,000. Assume that Natural Food accounts for this investment using the equity method. The entry to record the sale will include a:

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