11. Investment in Equity Securities On January 1, 2020, Arlington Company purchased 80,000 shares of Denton Company $5 par common stock for $36 per share. During 2020. Denton paid total dividends of $400,000 and reported net income of $900,000. Denton stock was trading for $39 per share on December 31, 2020. During 2021. Denton paid total dividends of $100.000 and reported net loss of $400,000. Denton stock was trading for $32 per share on December 31, 2021. Instructions: a. Prepare all necessary journal entries for 2020 and 2021 if Denton has 800.000 shares of common stock outstanding. b. Prepare all necessary journal entries for 2019 and 2020 if Denton has 200.000 shares of common stock outstanding