1. Cheyenne Corp. owns 35% of Sunland Company. For the current year, Sunland reports net income of $220000 and declares and pays a $44000 cash dividend. Which of the following correctly presents the journal entries to record Cheyennes equity in Sunland net income and the receipt of dividends from Sunland?

2.On January 1, 2022, Tamarisk, Inc. paid $937500 for 125000 shares of Ivanhoe Company's common stock, which represents 25% of Ivanhoes outstanding common stock. Ivanhoe reported income of $281250 and paid cash dividends of $87500 during 2022 Tamarisk should report the investment in Ivanhoe Company on its December 31, 2022, balance sheet at

3.

Cullumber Company had these transactions pertaining to stock investments

Feb. 1	Purchased 5200 shares of Marigold Corp. (10%) for $93080 cash.
June 1	Received cash dividends of $2 per share on Marigold stock.
Oct. 1	Sold 2500 shares of Marigold stock for 48500.
Dec. 1	Received cash dividends of $4 per share on Marigold stock.

The entry to record the receipt of the dividends June 1 would include a

A) debit to Stock Investments of $10400.

B) credit to Dividend Revenue of $10400.

C) debit to Dividend Revenue of $10400.

D) credit to the Stock Investments of $10400.