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Please provide a step by step explanation. Thank you! On 1/1/2017, Deca Corp. owns 30% of Belmont common stock for $30,000. Deca uses the equity

Please provide a step by step explanation. Thank you!
On 1/1/2017, Deca Corp. owns 30% of Belmont common stock for $30,000. Deca uses the equity method to account for the investment. Belmont reported income of $3,000 and paid dividends of S1,000 in 2017. Or 12/31/2017, the investment has a fair value of S35,000. For 2017, Deca should report investment income of a. S1,200 b. $5,300 c. S5,000 d. $900 | e. $300

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