the same facts as in problem 4. Assume that the $60,000 ending inventory is $80,000 in At the end of 2011, $40,000 of 5. Assume Tolson purchases an additional $ Ramos by the end of 2011. Also assume that in 2011, inventory from third parties and sells it to Ramos for $1 this inventory is unsold. In 2011, Tolson earns $$00,000 and pays dividends of $400,000. Rame eans $200,000 and pays dividends of $80,000. What is the amount of equity income recorded by Tolson in 2011 Rollins owns 40% of Sussex On October 1, 2009 Rollins reduces its ownership percentage to 10%, For the first 9 months of 2009, Sussex earns S 100,000 and for the last three months of 6. 2009, Sussex earns $40,000. No dividends are paid. How much income is recorded by Rollins in 2009 Same facts as number 6, except that Rollins ownership percentage goes from 10% to 40%. How much income is recorded by Rollins in 2009? 7, 8. Gimbel owns 10,000 shares, representing 50% ownership of Yelene. Its investment account at the beginning of 2010 is at $200,000. In 2010, Yelene has net income of $100,000 and pays dividends of $60,000. At December 31, 2010 Gimbel sells 8,000 shares to XYZ Corp for $300,000. a. What is the gain or loss to Gimbel on the sale of the shares b. What is the balance in investment account at December 31, 2010 after the sale