Assessing Financial Statement Effects of Equity Method Securities Use the financial statement effects template (with amounts and accounts) to record the following transactions involving investments in marketable securities accounted for using the equity method.

a. Madison Co. purchases 10,500 common shares of Landau Co. at $8 per share; the shares represent 25% ownership of Landau.

b. Madison receives a cash dividend of $0.80 per common share from Landau.

c. Landau reports annual net income of $60,000.

d. Madison sells all 10,500 common shares of Landau for $93,000.