Amos, Inc., purchased $1,350,000 of Cedric Enterprises stock on January 1, 2021. Cedric recognized a total of $310,000 net income during 2021, paid $21,000 of dividends to Amos during 2021. On December 31, 2021, the market value of the Cedric Investment had increased to $1,417,500 1. Prepare the journal entries necessary to account for the Cedric investment, assuming that the investment by Amos was 10% of Cedric 2. Prepare the journal entrles necessary to account for the Cedric investment, assuming that the investment by Amos was 40% of Cedric Complete this question by entering your answers in the tabs below. 2 Prepare the journal entries necessary to acount for the Cedric Investment, assuming that Amos purchased 10% of Cedric's stock. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction list Journal entry worksheet 1 2 3 4 Record the purchase of the investment. Note: Enter debits before credits Transaction General Journal Debit Credit