Q.3 Raysut owns 30 percent of the outstanding stock of Thumrait and has the ability to significantly influence the investee's operations and decision making. On January 1, 2021, the balance in the Investment in Thumrait account is 335,000 OMR. Amortization associated with this acquisition is 9,000 OMR per year. In 2011, Thumrait earns an income of 90,000 OMR and pays cash dividends of 30,000 OMR. Previously, in 2020, Thumrait had sold inventory costing 24,000 OMR to Raysut for 40,000 OMR. Raysut consumed all but 25 percent of this merchandise during 2010 and used the rest during 2021. Thumrait sold additional inventory costing 28,000 OMR to Raysut for 50,000 OMR in 2021. Raysut did not consume 40 percent of these 2011 purchases from Thumrait until 2022. a. What amount of equity method income would Raysut recognize in 2021 from its ownership interest in Thumrait? b. What is the equity method balance in the Investment in Thumrait account at the end of 2021