Chapter 16 - A10 -78 II! Question 6 of 7 View Policies Current Attempt in Progress Visage Cosmetics, a public company, acquires 40% of Shamrock Inc's 29.400 common shares for $18 per share on January 2, 2021. On June 15, Shamrock pays a cash dividend of $29,400. On December 31, Shamrock reports profit of $384,300 for the year. At December 31, Shamrock shares are trading at $22 per share. Prepare the required journal entries to record the Shamrock Inc. investment assuming significant influence exists. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts. Record journal entries in the order presented in the problem.) Debit Account Titles and Explanation Date Credit To record nurchase of investment -/8 Question 6 of 7 (To record purchase of investment.) (To record collection of dividend from associate.) (To record investment income from associate.) e Textbook and Media e Textbook and Media Determine the balance in the investment account on December 31, 2021, Visage Cosmetics' year end. Balance in the investment account $ e Textbook and Media