What is the method of accounting for investments in equity securities in which the investor records its share of periodic net income of the company that they have invested in? O market method O income method O cost method O equity method Land costing $71,000 was sold for $50,000 cash. The loss on the sale was reported on the income statement as other expense. On the statement of cash flows, what amount should be reported as an investing activity from the sale of land? o $50,000 o $71,000 o $121,000 o $21,000