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Required informntion [The following information applies to the questions displayed bolow.) Assa long term investenent. Fair Company purchased 20\% of Midin Companys 300,000 shares for $360,000 at the beginning of the reporting year of both compantes. During the year, Midin earned net income of $135,000 and distributed cash dividends of $0.25 per share. At yearend, the fair value of the shares is $375.000. 2. Asiume signilicant infiuence was acquired. Record the transactions from the purchase throogh the end of the year, inclucing airy Adusting entry for the investment's falr value, if appropiate. (If no entry is required for a particular transection/event, select "No Joumsl Entry Required* in the first account field.) journal entry worksheet 234 Hecord the purchase of the investment. Whate treer alits beluer dienter