at December 31, 2021? What is the total het ICU TEPU.. E17.17 (LO 3) (Equity Method) On January 1, 2020, Pennington Corporation purchased 30% of the common shares of Edwards Company for $180,000. During the year, Edwards earned net income of $80,000 and paid dividends of $20,000. Instructions Prepare the entries for Pennington to record the purchase and any additional entries related to this invest- ment in Edwards Company in 2020. E17.18 (LO4) (Impairment of Debt Securities) Hagar Corporation has municipal bonds classi- fied as a held-to-maturity at December 31, 2020. These bonds have a par value of $800,000, an amortized cost of $800,000, and a fair value of $720,000. The company believes that impairment accounting is now appropriate for these bonds. Instructions