Accounting for equity investments On January 6, 20Y8, Bulldog Co. purchased 32% of the outstanding common stock of Gator Co. for $175,000. Gator Co. paid total dividends of $30,000 to all shareholders on June 30, 20Y8. Gator had a net loss of $55,000 for 20Y8. Question Content Area a. Journalize Bulldog's purchase of the stock, receipt of the dividends, and the adjusting entry for the equity loss in Gator Co. stock. If an amount box does not

a. Journalize Bulldog's purchase of the stock, receipt of the dividends, and the adjusting entry for the equity loss in Gator Co. stock. If an amount box does not require an entry, leave it blank.

Date	Account	Debit	Credit
20Y8 Jan. 6	CashCash DividendsDividend RevenueInvestment in Gator Co. StockLoss of Gator Co.	- Select -	- Select -
	CashCash DividendsDividend RevenueInvestment in Gator Co. StockLoss of Gator Co.	- Select -	- Select -
20Y8 June 30	CashCash DividendsDividend RevenueInvestment in Gator Co. StockLoss of Gator Co.	- Select -	- Select -
	CashCash DividendsDividend RevenueInvestment in Gator Co. StockLoss of Gator Co.	- Select -	- Select -
20Y8 Dec. 31	CashCash DividendsDividend RevenueInvestment in Gator Co. StockLoss of Gator Co.	- Select -	- Select -
	CashCash DividendsDividend RevenueInvestment in Gator Co. StockLoss of Gator Co.	- Select -	- Select -

b. Compute the balance of Investment in Gator Co. Stock on December 31, 20Y8. fill in the blank 1 of 1$