On January 2, 2020, Pull Corp. paid $516,000 for 24% (96,000 shares) of the outstanding common stock of Olivia Co. Pull used the equity method to account for the investment. At the end of 2020, the balance in the investment account was $820,000. On January 2, 2021, Pull sold 20,000 shares of Olivia stock for $12 per share. For 2021, Oliver reported income of $188,000 and paid dividends of $30,000. Required: (A.) Prepare the journal entry to record the sale of the 20,000 shares. (B.) After the sale has been recorded, what is the balance in the investment account? (C.) What percentage of Olivia Co. stock does Pull own after selling the 20,000 shares? (D.) Because of the sale of stock, Pull can no longer exercise significant influence over the operations of Olivia. What effect will this have on Pull's accounting for the investment? (E.) Prepare Pull's journal entries related to the investment for the rest of 2021