Equity Method for Stock fivestment accounting for this investment. Trah Corp. has 200,000 shates of common stock outstanding, including the shares acquired by Herrera Corporation a. Joumaline the entries by Herrera Corporation to record the following informatien: 1. Tran Corp. reports net incarne of $1,340,000 for the current period. reidus +oidurtion ownenhip peroneage times Iran Corpir net incame. 2. A cath dividend of 51.00 per comman share is paid by Tran Carp. durng the current period. b. Why is the equity method approphatio for the Tran Corp, inveitment? An invetinent amount the investor exerase signalicant influence over the investee