Clarkson Inc. purchased \(10 \%\) of the 10,000 shares of common stock in Nashville Inc. for \(\$ 40,000\) in January 2020. Shelton Inc. purchased 35\% of the 10,000 shares of common stock in Nashville Inc. for \(\$ 140,000\) in January 2020. In December 2020, Nashville Inc. declared and paid a dividend of \(\$ 1\) per share on its outstanding shares of common stock. For each investor, determine the dividend amount received, and the related impact on the Investment and Dividend Revenue accounts. Assume that Shelton Inc. (but not Clarkson Inc.) has significant influence over Nashville Inc.

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Investor Clarkson Inc. Shelton Inc. Dividend Amount Declared and Received Change in Investment Account Increase in Dividend Revenue