On January 4, 20Y6, Spandella Company purchased 168,000 shares of Filington Company directly from one of the founders for a price of $27 per share. Filington has 560,000 shares outstanding, including the Spandella shares. On July 2, 20Y6, Filington paid $717,000 in total dividends to its shareholders. On December 31, 20Y6, Filington reported a net income of $963,000 for the year. Spandella uses the equity method in accounting for its investment in Filington. A. Journalize the Spandella Inc. entries for the transactions involving its investment in Filington Company during 20Y6. Refer to the Chart of Accounts for exact wording of account titles. B. Determine the December 31, 2016, balance of the investment in Filington Company stock account. A. Journalize the Spandella Inc. entries for the transactions involving its investment in Filington Company during 20Y6. Refer to the Chart of Accounts for exact wording of account titles. PAGE 10 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY 1 2 3 B. Determine the December 31, 20Y6, balance of the investment in Filington Company stock account $