Town Company appropriately uses the equity method to account for its investment in Country Corporation. As of the end of 2022, Country's comimon stock had suffered a significant decline in fair value, which is expected to recover over the next several months. How should Town account for the decline in value? No accounting because the decline in fair value is temporary. Town should switcb to the fair-value method. Town should decrease the balance in the investment account to the current value and recognize a loss on the income statement. Town should not record its share of Country's 2024 carnings until the decline in the fair value of the stock has been recowered