Cinrich Corporation purchased 202,000 of the 1,010,000 common shares of Abacus Ltd. on October 1, 2021, at $2.60 per share. Near the end of the fourth quarter ended on December 29th, Abacus declared dividends on its common shares of $82,000 but the dividend payment date is not until 2022. Abacus also announced that it had net income for the quarter ended December 31, 2021, of $185,000. Record the journal entries that Cinrich would make during the last quarter ended December 31, 2021, under the following assumptions: (a) Your answer is correct. Cinrich has significant influence over Abacus and uses the equity method to account for this investment. (List all debit entries before credit entries. 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 Ofor the amounts.) Date Account Titles and Explanation Debit Credit Oct. 1 Investment in Associates 525200 Cash 52 Dec 29 V Dividends Receivable 16400 Investment in Associates 1 Dec. 31 Investment in Associates 37000 Income from Associates 3 e Textbook and Media List of Accounts Attempts: unlimited (b) Cinrich does not have significant influence over Abacus and uses the cost model to account for this investment. (List all debit entries before credit entries. 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 O for the amounts.) Date Account Titles and Explanation Debit Credit