OOO Wendell Company owns 28% of the common stock of Porter Company and accounts for the investment using the equity method. Assuming that Wendell Company purchased the stock serveral years ago, the balance in the investment account would be equal to the cost of the investment plus Wendell share of Porter's not income noned since the investment was purchased minus the total amount of dividendo Wendell has toelved from Porter since the investment was purchased tveient plus the total amount of dividenda Wendel bon received from Porter since the investment was purchased nement only Investment plus Wendell share of one's commence the level was purchased Jacks Corporation purchases $200,000 bonds plus accrued interest for 2 months of $2.000 from Kennedy Company on March 1. The bonds have an annual interest rate of 6% payable on June 30 and December 31. The entry to record the purchase of the bonds would indude a debit to laterat Receivable for $2,000 debito lnvestment in look for $200,000 debit au Cash for $200,000 credit to interest Revene for $9.000