8. You acquire 12% of the 100,000 shares of Ink Inc. for $15 per share on March 29, 2019. Then, on October 12, 2019, Ink Inc. declared and paid $72,000 in dividends to all shareholders. On December 31, the net income for the year was $120,000 and the fair value of the stock decreased to $12 per share. Record the journal entries for these events. 9. Your company purchased 32,000 shares of common stock of the Computer Corporation for $40 per share on January 3, 2018. During 201, Computer Corporation had 120,000 shares of common stock outstanding, paid cash dividends of $150,000, and reported net income of $340,000. You should report revenue from investment for 2018 in the amount of a. 0 b. 90,666.67 C. 32.233.33 d. 40.000