Magnus Tech owns 30% of Mirika Inc. and accounts for the investment using the equity method. During the year, Mirika reports a net loss of $2,500,000 and pays total dividends of $70,000. Which of the following describes the change in Magnus' investment in Mirika during the year? A. The investment decreases by $771,000B. The investment decreases by $2,430,000C. The investment increases by $21,000D. The investment decreases by $735,000
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