Which of the following statement regarding equity method investment is incorrect?

	On the balance sheet, the ending balance (EB) = beginning balance (BB) + equity income - dividends from equity investee
	On the income statement, equity income is calculated using % of ownership in investee's company X investee's Net Income
	On the Statement of cash flows (indirect method), the adjustment related to equity investment is -equity income net of dividends.
	None of the above