8 pts) Hark Company purchased 30,000 shares of common stock of the Tine Corporation as a six month investment for 200,000 . During the year, Tine Corporation reported net income of $300,000 and paid dividends of $120,000, on the last day of year. The stock had a market value of $39 at the end of the year. Assuming that the 30,000 shares represent a 5% interest in Tine Corporation: 1. Prepare the journal entry to record the investment in Tine stock. stock mves dinhint 2. Prepare any entries that Hark Company should make in accounting for its investment in Tine stock during the year. Div12000015%6,000 cashb100 (b) Repeat requirement (a) above except assume that the 30,000 shares represent a 30% interest in Tine Corporation and Hark intends to hold the investment for several years. 1. Prepare the journal entry to reoprd the investment in Tine stock. stockhuv30,000 2. Prepare any entries that Hark Company should make in accounting for its investment in Tine stock during the year. 300,00030%90,000Stocksinv9,000cashinv.income39000stolinv-3600