2. Wall Matter Company has an investment in Morning Matter paid $30,000,000.00 in cash on January 2, 2012 Company's common share at 30%. Wall Required: d. Prepare journal entries to record the Investment in Morning Star's Company tin Morning Star's Company by Wall Matter. on December 20, 2013 Morning Star reported earnings of $400,000.00 and declared and paid $120,000 dividends to its shareholders. Required: Prepare the journal entries that Wall Matter would make in December 31, 2013 to recognize the earnings of Morning Star and its dividends payment. What is the Carrying Value of Wall Matter's Investment Account in Morning Star's Shares