Brief Exercise 14-28 On January 1, 2020, Evergreen Inc. purchased 3,750 of the 15,000 outstanding shares of common stock of Recording Entries under the Equity Method LO5 Hint See Demo 14-5 $26,000 and declared and paid dividends of S12,000. ture Net Inc. obtaining significant influence of the company. The shares were purchased for $5,000 cash and E ergreen Inc. intends for it to be a long-term investment. During the year, Nature Net Inc. reported net incoms a. Prepare Evergreen Inc.'s entry on January 1, 2020, for the purchase of the equity investment. Prepare Evergreen Inc. 's entries on December 31, 2020, to record investment income and declaration of dividends for 2020. b. c. What is the ending balance of the Investment account on December 31, 2020? ief Exercise 14-29 On January 1, 2020, Hockey Unlimited Inc. purchased 2.500 of the 10.000 outstandina