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B D E F G H 1 J K L M N 1 2 On 2/1/21, Waters Corporation purchased 60,000 shares of Star Company for
B D E F G H 1 J K L M N 1 2 On 2/1/21, Waters Corporation purchased 60,000 shares of Star Company for $42 each. This investment represented 30% of the outstanding common stock of Star, and Waters intends to hold the investment for at least a year. On 10/1/21, Waters received dividends of $2.20 per share. Star's net income for 2021 was $1,200,000, and the market value of Star stock at 12/31/21 was $45 per share. 3 4 5 Make all journal entries required by Waters in 2021
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