Westwood Gold Corp. owns equity-method investments in several companies. Suppose Westwood paid 519,000,000 to acquire a 40 percent investment in Superior Lid. Further, assume Superior Lld reported net income of $1,780,000 for the first year and declared and paid cash dividends of $800,000 Calculate the balance in the Investment in Superior Lid Common Shares account. Assume that after all the above transactions took place, Westwood Gold Corp sold its entire investment in Superior Lid common shares for $20,500,000. Journalize the sale of the investment Disregard broker commissions on sale Calculate the balance in the investment in Superior Lid. Common Shares account (Leave any unused calls blank.) Investment in Superior Ltd. Common Shares Dividends Dividends Net Income Balance Joumalize the sale of the investment (Record debits first, then credits. Explanations are not required.) Journal Entry Accounts Date Debit Credit Cash