31 Amos, Inc., purchased $900,000 of Cedric Enterprises stock on January 1, 2021. Cedric recognized a total of $450,000 net income during 2021, paid $35.000 of dividends to Amos during 2021. On December 31, 2021, the market value of the Cedric investment had increased to $945,000 1. Prepare the journal entries necessary to account for the Cedric investment, assuming that the investment by Amos was 5% of Cedric. 2. Prepare the journal entries necessary to account for the Cedric investment, assuming that the investment by Amos was 25% of Cedric 2:51:55 ebook Complete this question by entering your answers in the tabs below. 2 Prepare the journal entries necessary to account for the Cedric Investment, assuming that Amos purchased 5% of Cedric's stock. (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