O'Reilly Corporation owns equity-method investments in several companies. O'Reilly paid $1,100,000 to acquire a 35% investment in Slater Software Company. Slater reported net income of $670,000 for the first year and declared and paid cash dividends of $400,000 Without making journal entries, record the investment transactions directly in the O'Reilly T-account, Equity-method Investment. Assume that after all the noted transactions took place, O'Reilly sold its entire investment in Slater for cash of $1,500,000. How much is O'Reilly's gain or loss on the sale of the investment? Post the investment transactions and determine the balance in O'Reilly's T-account for Equity-method Investment. Purchase Equity-method Investment 1100000 234500 Dividends Net Income 140000 Assume that after all the noted transactions took place, O'Reilly sold its entire investment in Slater for cash of $1,500,000. How much is O'Reilly's gain or loss on the sale of the investment? If O'Reilly sold its entire investment in Slater for cash of $1,500,000, it would record a of $