24) Gardens, Inc. invests its excess cash in Innovative Technologies, Inc. and acquires 4300 shares for $28.00 per share. Garden, Inc. owns less than 3% of Innexatixe's voting stock and plans to hold the stock for two years. Which of the following is the correct journal entry for the transaction? A) Common Stock - Gardens 120,400 Cash 120,400 B) Cash 120,400 Equity Investments 120,400 120,400 120,400 Cash Common Stock - Gardens D) Equity Investments Cash 120,400 120,400 25) Orbit Services, Inc. pays $700,000 to acquire 30% (200,000 shares) of the voting stock of State Investments, Inc on January 5, 2019. State Investments, Inc. declares and pays a cash dividend of $1.40 per share on June 14, 2019. Which of the following is the correct journal entry for the transaction on June 14, 2019? A) Equity Investments-State Investments, Inc. 182,000 Cash 182,000 B) Cash 182,000 Dividend Revenue 182,000 ) Cash 182,000 Equity Investments - State Investments, Inc. 182,000 D) Cash 182,00 Retained Earnings 182,000