Chapter 4 Homework (continued) investment account equal ng owns 30% of Chen and at December 31, 2015 the balance in wang's 000. 5. Chen for $600,000, 00, ang's ownership up to 70%. Wang will Dr. Investment in Chen for $600,o00 and credit cash additional entry will Wang be required to make to reflect the increase in ownershi On January 1, 2016 Wang purchases an additional 40% ownership in br for $600,000. What 6Roberts owns 60% of Smit 1, On January 1, 2016 Roberts purchases an additional 10% ownership in Smith for $70,000, Rober t h at has a balance in the investment account of $200,000 at December 3 be required to make to reflect the increase in ownership nwestment in Smith for $70,000 and credit Cash for $70,000. What additional entry will Roberts