Equity investments: 20%-50% ownership On January 2, 2014, Whitworth Company acquired 40% of the outstanding stock of Aloof Company for $340,000. For the year ended December 31, 20Y4, Aloof Company earned income of $180,000 and paid dividends of $10,000. On January 31 2095, Whitworth Company sold all of its investment in Aloof Company stock for $405,000. Journalize the entries for Whitworth Company for the purchase of the stock, the share of Aloof income, the dividends received from Aloof Company, and the sale of the Aloof Company stock. If an amount box does not require an entry, leave it blank. Jan. 2, 2014 - Purchase Investment in Aloof Company Stock 340,000 Cash 340,000 Dec. 31, 20Y4 - Income Investment in Aloof Company Stock 72,000 Income of Aloof Company 72,000 4,000 Dec. 31, 2014 - Dividends Cash Income of Aloof Company X 4,000 Jan. 31, 2045 - Sale Cash 340,000 X Gain on Sale of Aloof Company Stock X 65,000 X Investment in Aloof Company Stock 405,000