Alvarez Krisp Donuts, Inc. acquired 30% of the voting common shares of Smith Bakers Corporation on January 1, 2022, at a total cost of $2,532,000. At acquisition, the reported book value of Smith Bakers' net assets equaled its fair value. This investment allows Alvarez to exert significant influence over Smith's operating and financing policies At the end of 2022, Smith reported $769,700 in net income and declared and paid $122,680 in dividends for the period. At the end of 2023, Smith reported a net loss of $438,000. No dividends were declared in 2023. What journal entries should Alvarez record related to its investment in Smith Bakers? What is the amount of the investment in Smith Bakers at December 31, 2022? At December 31, 2023? What is the amount of the investment in Smith Bakers at December 31, 2022? The amount of the investment in Smith Bakers at December 31, 2022 What is the amount of the investment in Smith Bakers at December 31, 2023? The amount of the investment in Smith Bakers at December 31 2023 is Next