14 Callas Corporation paid $380,000 to acquire 40 percent ownership of Thinbill Company on January 1, 20X9. The amount paid was equal to Thinbill's underlying book value. During 20X9, Thinbill reported operating income of $45,000 and income of $20,000 from gains on derivative contracts that were designated as cash flow hedges, so these gains were reported in Other Comprehensive Income (OCI). Thinbill paid dividends of $9,000 on December 10, 20X9. Required: a. Give all journal entries that Callas Corporation recorded in 20X9, associated with investment in Thinbill Company. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) 9 points View transaction list eBook Journal entry worksheet Ask A B D > Print Record the purchase of Thinbill Company. References Note: Enter debits before credits. General Journal Debit Credit Event 1 Record entry Clear entry View general Journal b. Give all closing entries at December 31, 20X9, associated with its investment in Thinbill Company. (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 entry to close Income from Thinbill Co. Note: Enter debits before credits