Suppose on February 1, 2012, Fox Motors paid $450 million for a 40% investment in Regal Motors. Assume Regal earned net income of $65 million and paid cash dividends of $45 million during 2012. Assume that in November 2012, Fox Motors sold half its investments in Regal Motors. The Sale price was $140 million. Compute Fox Motors gain or Loss on the sale Sale Proceeds-$145 million Less: Loss on the sale investment