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Equity Method Onuary 2, Yorkshire Company acquired 30% of the outstanding stock of Fin Company for $400,000. For the year ended December 31, Fain camed

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Equity Method Onuary 2, Yorkshire Company acquired 30% of the outstanding stock of Fin Company for $400,000. For the year ended December 31, Fain camed Income of $104,000 and paid dividends of 532.000 Journalise the entries for Yorkshire Company for the purchase of the stock, the share of Fain income, and the evidents received from an Comany Jan 2Purchase Dec 31-Income ID II. Dec 3 Divind

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