In its financial statements, Pulham Corp. uses the equity method of accounting for its 30% ownership of Angles Corp. At December 31, Year 2, Pulham has a receivable from Angles. How should the receivable be reported in Pulham's Year 2 financial statements? O None of the receivable should be reported, but the entire receivable should be offset against Angles' payable to Pulham. O The total receivable should be included as part of the investment in Angles without a separate disclosure. Seventy percent of the receivable should be separately reported, with the balance offset against 30% of Angles' payable to Pulham. O The total receivable should be disclosed separately