Crane Ca acquired $25\%$ of the $490,000$ shares of outatanding common steck of Waterway Inc on December $31,2025.$ The purchase price was $$3,638250.$ Walerway declared and pald $$1,20$ per shure cash didends on June $18,2026,$ and on November $29,2026312026$At what amount is the investment in securities reported on the balance sheet under each of these method

December $31,2026?$ What is the total net income reported in $2026$ under each of these methods?

$($a$)$

Your answe is partillycoriti

Frewene the journal colries for Crant Co$.$ for $2026$ assuning that Crane camnot exercise sigificant inluence over Waterway. prestiod in the probion$)$

eTetbook and Media

List of Accounts

Sowtor Later

Attempts: $2$ of $3$ used

$($b$)$

Your answer is partially correct.

Prepare the journal entries for Crane Co$.$ Ior $2026,$ assuming that Crane can exercise significant finfluence over Wuterwoy $($Crodit ocoput tities are cutomatically inderted when the apount is entered. Do not indent manually if no entry is required, select $"$No Entry" for problen$)$

$($c$)$

At what amount is the imestment in seourithes reported on the balance shest under each of these methods at December $31.2026.$ What is the lotal net income reported in $2026$ under each of these methods?

Investment amount $($balance cheet$)$

Dividend revenue fincomestatement$)$