Thayer Corporation owns equity-method investments in several companies. Thayer paid $1,900,000 to acquire a 20% investment in Dorsett Software Company. Dorsett reported net income of $670,000 for the first year and declared and paid cash dividends of $420,000.

Without making journal entries, record the investment transactions directly in the Thayer T-account, Equity-method Investment. Assume that after all the noted transactions took place, Thayer sold its entire investment in Dorsett for cash of $2,700,000. How much is Thayer's gain or loss on the sale of the investment?

Post the investment transactions and determine the balance in Thayer's T-account for Equity-method investment. Equity-method Investment Assume that after all the noted transactions took place, Thayer sold its entire investment in Dorsett for cash of $2.700,000. How much is Thayer's gain or loss on the sale of the investment? If Thayer sold its entire investment in Dorsett for cash of $2,700,000, it would record a of $