please let me know the Record the income on intra$-$entity sale.

On January 1, 2024, Alamar Corporation acquired a 38 percent interest in Burks, Incorporated, for $233,000. On that date, Burks's balance sheet disclosed net assets with both a fair and book value of $339,000. During 2024, Burks reported net income of $81,000 and declared and paid cash dividends of $23,000. Alamar sold inventory costing $23,000 to Burks during 2024 for $44,000. Burks used all of this merchandise in its operations during 2024. Required: Prepare all of Alamar's 2024 journal entries to apply the equity method to this investment. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Answer is complete but not entirely correct. No 1 2 3 4 5 Transaction a b c d General Journal Investment in Burks, Incorporated Cash Investment in Burks, Incorporated Equity in investee income Dividend receivable Investment in Burks, Incorporated Cash Dividend receivable Investment in Burks, Incorporated Investment in Burks, Incorporated Debit 233,000 30,780 8,740 8,740 7,980 Credit 233,000 30,780 8,740 8,740 7,890