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Belden , Inc . acquires 30 percent of the outstanding voting shares of Sheffield , Inc . on January* 1 . 2017 . for $312, 000 , which gives Belden the ability to significantly influence Sheffield . Sheffield has a net book value of $800 , 000 at January 1 , 2017 . Sheffield's asset and liability accounts showed carrying amounts considered equal to fair values except for a copyright whose value accounted for Belden's excess cost over book value in its 30 percent purchase* The copyright had a remaining life of 16 years at January 1 , 2017 . No good will resulted from Belden's share purchase . Sheffield reported net income of $ 180 , 000 in 2017 and $ 230 , 000 of net income during 2018 . Dividends of $70, 000 and $60, 000 are declared and paid in 2017 and 2018 , respectively . Belden uses the equity method . & . On its 2018 comparative income statements , how much income would Belden report For 2017 and 2018 in connection with the company's investment in Sheffield ? ` . IF Belden sells its entire investment in Sheffield on January 1 , 2019 , For $400, 000 cash , what is the impact on Belden's income ?" C. Assume that Belden sells inventory to Sheffield during 2017 and 2018 as Follows : Cost to Price to Year - End Balance Year Belden Sheffield ( at transfer price ) 2017 $30. 000 $50, 000 $20,000 ( sold in following year ) 2018 33, 000 60. 000 40,000 ( sold in following year ) What amount of equity income should Belden recognize for the year 2018