Journal Entries: Cost or Equity A 100%-owned subsidiary reported the following amounts:

Net Income (Loss) Dividends Declared 2005 . $140,000 $80,000=

2006 . (90,000) -0-

= Of this amount, $60,000 was paid in 2005 and $20,000 was paid in early 2006, What are the general ledger entries for 2005 and 2006 under the cost method} The equity method}