Equity Method On January 2, Yorkshire Company acquired 37% of the outstanding stock of Fain Company for $270,000. For the year ended December 31, Fain Company earned income of $70,000 and paid dividends of $22,000. Prepare the entries for Yorkshire Company for the purchase of the stock., the share of Fain income, and the dividends received from Fain Company, Jan, 2 Purchase Dec. 31 Income Dec. 31 Dividends