Coronado David Inc. acquired 20% of the outstanding common stock of Theresa Pharoah Inc. on December 31, 2025. The purchase price was $1,177,500 for 47,100 shares. Pharoah Inc. declared and paid an $0.80 per share cash dividend on June 30 and on December 31, 2026. Pharoah reported net income of $659,000 for 2026. The fair value of Pharoah's stock was $28 per share at December 31, 2026. Assume that the security is a trading security. (a) Your answer is correct Prepare the journal entries for Coronado David inc, for 2025 and 2026, assuming that D kvid cannot exercise significant influence over Pharoah. (List all debit entries before credit entries. Credit account titles are outomotically indented when amount is entered. Do not indent manuolly. If no entry is required, select "No Entry" for the occount titles and enter Ofor the amounts. Record journal entries in the order presented in the problem.) Prepare the journal entries for Coronado David Jnc. for 2025 and 2026, assuming that David can exercise significant influence over Pharoah. (List all debit entries before credit entries. Credit account titles are automatically indented when 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. Record journal entries in the order oresented in the problem.)