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Question 4 (3 points) If Bayside Corp acquired a 30% interest in Tonston Inc. on December 31, 2019 for $67,500 and during 2020 Tonston reported

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Question 4 (3 points) If Bayside Corp acquired a 30% interest in Tonston Inc. on December 31, 2019 for $67,500 and during 2020 Tonston reported net income of $25,000 and paid a total cash dividend of $30,000, applying the equity method would give a debit balance in the Investment in Tonston Corp. account at the end of 2018 of

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