Problem D-2A (Algo) Account for investments using the equity method (LO D-3) As a long-term investment at the beginning of the year, Willie Winn Track Shoes purchased 20% of Betty Will Company's 26 million shares outstanding for $170 million. During the year, Betty Will earned net income of $122 million and distributed cash dividends of $1.30 per share. Required: Record for Willie Winn Track Shoes the purchase of the investment and its share of Betty Will's net income and dividends using the equity method. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in millions rounded to 2 decimal places (i.e., 5,500,000 should be entered as 5,50).) Answer is complete but not entirely correct. No Transaction 1 1 Investments Cash 2 2 Investments Equity Income 3 3 Cash Investments General Journal Debit 170.00 Credit 170.00 22.40 22.40 33.80 33.80x