Entries for equity investment of between 20%-50% ownership Glacier Products Inc. is a wholesaler of rock climbing gear. The company began operations on January 1, 2013. The following transactions relate to securities acquired by Glacier Products Inc., which has a fiscal year ending on December 31, 2013: 2013 Jan. 25 Purchased 64,000 shares of Helsi Co, common stock for $690,000. There are 160,000 shares of Helsi Co. stock outstanding.) Dec. 31 Received $21,000 of cash dividends on Helsi Co. stock. Helsi Co. reported net income of $86,000 in 2013. Required: 1. Journalize the entries to record the preceding transactions. If an amount box does not require an