3. Parent and subsidiary company income or loss is combined. 4. A joint venture is formed between 2 companies - company A has a smaller share of the stock however, they have significant control of the enterprise._ S. You have an investment on the balance sheet is not marketable. However, they do pay dividends which you recognize as revenue Question 3-25 points 15 minutes Blank Co. acquired 40% of the 600,000 shares of outstanding common stock of Overload in. on December 31, 2017. The purchase price was $3,600,000. Overload declared and paid $1.75per share cash dividends on June 18, 2018, and on November 29, 2018. Overload reported net income of $3,200,000 for 2018. The fair value of Overload common stock was $27 per share at December 31, 2018. 0 Investment (2 Divden EQuct Instructions Prepare the 4 journal entries for Blank Co. for 2018, assuming that Blank cannot exercise significant influence over Overload. (12 points) 1. Prepare the 4 journal entries for Blank Co. for 2018, assuming that Blank can exercise significant influence over Overload. (12 points) 2. Assume in the case that Blank Co. acquired 65% of the outstanding common stock of Overload Inc. What is the valuation method? (1 point) 3