emaining Time: 1 hour, 35 minutes, 08 seconds. muestion Completion Status: QUESTION 1 On January 1, 2019. Bactin Corporation acquired 10% of Oakton Company for $100,000. On that date, the total book value and fair value of Oakton's net assets was $900.000. Any difference between cost and fair value is attributable to goodwill. In 2019. Oakton reported net income of $60.000 and paid dividends of $30.000, On January 1, 2020, Bactin Corporation bought another 10% of Oakton for $100.000, and on that date, the book value and fair value of Oakton's net assets still was $900.000 the fair value of Oakton did not change during 2011 Bactin concluded that its 20% ownership now allowed it to significantly influence Oakton's operations. In 2020. Oakton reported net income of $80,000 and paid dividends of $40.000 Required: Prepare all journal entries for Bactin for 2019 and 2020, assuming no change in fair value of the Oakton stock during that time period. For the toolbar.press ALT+F10 (PC) or ALT+FN+F10 [Mac). T T T Arial 3(12p) T. E . Words:0 Path: P QUESTION 2 likad on January 1, 2020. Con Universal issued 12 bonds dated January 1, 2020, with a fact amount of $200 million The bonds muture in 2022 10 years or Bands Type here to search