Equity method Chart of Accounts Journal Instructions On January 2, Cohan Company acquired 25% of the outstanding stock of Sanger Company for $735,000 For the year ended December 31, Sanger Company earned income of $133.400 and paid dividends of $20,800 Prepare the entries for Cohan Company for the purchase of the stock, the share of Sanger income, and the dividends received from Sanger Company Refer to the Chart of Accounts for exact wording of accounts