Suppose on January 1, 2016, Southern Motors paid $420 million for a 45% investment in Yuza Motors. Assume Yuza earned net income of $60 million and paid cash dividends of $60 million during 2016. (Click the icon to view the Equity Method Investment T-account.) Assume that on January 1, 2017, Southern Motors sold half its investment in Yuza Motors. The sale price was $155 million. Compute Southern Motors' gain or loss on the sale. Let's compute the gain or loss on the sale of the investment. (Round amounts to the nearest million. Use parentheses or a minus sig * More Info Sale proceeds Less: Carrying amount of investment..... on sale of investment....... million million million Equity Method Investment Purchase 420 27 Net Income Dividends received Balance 420 Print Done