Question 5: On January 2, 2020, Thoreau Corp. purchased 25,000 shares (25%) of the common stock of Browning & Company. The purchase price was $250,000. Thoreau has significant influence over Browning. No amortization is required. During 2020, Browning reported income of $150,000 and paid dividends of $40,000. On January 2, 2021, Thoreau sold 10,000 shares for $127,500. Required: a. Compute the balance in Equity Investment at December 31, 2020. b. Prepare the journal entry to record the sale of the 10,000 shares. . What was the balance in Equity Investment after the shares were sold