please solve asap!!

On January 1, 2022, Lake Inc., a 60% owned subsidiary of Ocean Co., sold equipment to Ocean. Assume that this intra-entity sale of asset resulted in a gain of $38,000 and annual excess depreciation expense of $4,700 per year. Further assume that the total annual excess amortization resulting from the acquisition was $2,600. Lake reported net income of $178,000 in 2022 and $234,000 in 2023, respectively. Equity method is used. Requirement: 1. What is Ocean's share in Lake's net income for 2022 (i.e., the first year)? (4 points) A 2. What is Ocean's share in Lake's net income for 2023 (i.e. the 2 nd year)? ( 3 points) A 3. If it was Ocean who sold the equipment to Lake and other things being equal, what is Ocean's share in Lake's net income for 2022 (i.e., the first year)? (4 points) A