00 8 Help 10 points Sapped ellook 01 Pont References Kent Company purchased 35 percent ownership of Lomm Company on January 1, 20x8, for $140,000. Lomm reported 20x8 net income of $80,000 and paid dividends of $20,000. As December 31, 2008, Kent determined the fair value of its investment in Lomem to be $174,000. Required: a. Give all journal entries recorded by Kent with respect to its investment in Lomm in 20x8 assuming it uses the equity method b. Give all journal entries recorded by Kent with respect to its investment in Lomm in 2008 assuming it carries the securities at fir value method. Complete this question by entering your answers in the tabs below. Required A Required B Give all journal entries recorded by Kent with respect to its investment in Lomes in 20x8 assuming it uses the equity method Note: If no entry is required for a transaction/event, select "No journal entry required in the first account field View transaction list Journal entry worksheet < A B Record the purchase of Lomm Company stock. Note: Enter debts before credits D