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answer for C part please :)) 6.67 1 10 View Policies Show Attempt History Current Attempt in Progress On January 2 2022. Munchies Corp. invested

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image text in transcribedanswer for C part please :))
6.67 1 10 View Policies Show Attempt History Current Attempt in Progress On January 2 2022. Munchies Corp. invested $2,524,500 in Tarjee Inc for 25% of its outstanding common shares. Munchies exercises significant influence over Tarjee. Both companies have calendar year ends. Tarjee pays out 10% of its net income in dividends each year. During 2022. Munchies received a cash dividend of $102,000 from Tarjee Inc. Your answer is correct. Record the initial purchase of the Tarjee Inc. shares by Munchies Corp. (Credit account tities are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit Inentin Associates 2524500 22.30 eTextbook and Media List of Accounts Attempts: 2 of 3 used Your answer is correct. What was Tarjee's Inc's net income for 2022? Net Income S 4080000 e Textbook and Media List of Accounts Attempts: 1 of 3 used C Recore the remaining 2022 Journal entries to this mestment on Munchless books (Credit account titles and Dutomatically Indented when the amount is entered Danoindent manual. Lista debit entries before credit entries. If no entis requiel No Entry for the account titles and enter for the amount 7 Atents lorsused Record the remaining 2022 journal entries related to this investment on Munchies's books. (Credit account cities are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries N no entry is required, select "No Entry for the account tities and enter for the amounts) Account Titles and Explanation Debit Credit To record share in net income! Horecord dividend e Textbook and Media List of Accounts Attempts:0 of 3 used Suite

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