moss corp. owns 20% of dubro corp.'s preferred stock and 40% of its common stock. dubro's stock outstanding on december 31, 20x1, is as follows: 10% cumulative preferred stock $100,000 common stock $700,000 dubro reported net income of $60,000 for the year ending december 31, 20x1. what amount should moss record as equity in earnings of dubro for the year ending december 31, 20x1?
