Equity Investment On 01/05/20, Red Company pays $700,000 to acquire a 30% interest (200,000 shares) of White Co. White Co. declares and and pays a cash dividend of 30 cents per share on 06/17/20. At 12/31/20 White Co.. reports net income of $300,000 for the year. REQUIRED: Using proper form, record the following Journal Entries 1) On 01/05/20 Purchase of Equity Investment in White Co. 2) On 06/17/20, Receipt of Cash Dividend 3) On 12/31/20, White Co. Reports Net Income TT T Arial 3 (12pt) T Path: P QUESTION 35