Solution??

T3 Ulstall 2 alfie Assignment 2 - ACC414 Timor company owns 40% of Sin Company , the balance of the Investment account on 1/1/2012 was $112,000 . At the end of 2012 the net income of Sin was $ 85,000 and cash dividends $25,000 on 1/10/2012 Timor sold 20% of his share for $45,000 cash Required 1- Compute the result of the sale transaction ? 2- The journal entry for the sale of these share ? 3- The investment balance after the sale