y Evey A a) Microsoft owns equity-method investments in several companies. Suppose Microsoft paid $1,000,000 to acquire a 25% investment in Sun - Software Company. Sun - Software reported net income of $640,000 for the first year and declared and paid cash dividends of $420,000. i) Record the following in Microsoft's journal: (a) Purchase of the investment, (b) Microsoft's proportion of Sun Software's net income (c) Receipt of the cash dividends. ii) What is the ending balance in Microsoft's investment account