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Exercise 17-17 On January 1, 2017, Hetlock Corporation purchased 40% of the common shares of Bonita Company for $201.000. During the year, Bonita earned net

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Exercise 17-17 On January 1, 2017, Hetlock Corporation purchased 40% of the common shares of Bonita Company for $201.000. During the year, Bonita earned net income of $77.000 and all dividends of $19.250. Prepare the entries for Metlock to record the purchase and any additional entries related to this investment in Boneta Company in 2017. (Credit account s are automatically indented when amount is entered. Do not indent a lly. If he entry is required, select "No Entry for the accounts and enter for the amounts) Account Titles and Explanation Debut Credit (To record purchase of stock.) (To record receipt of dividends.) (To record revenue) ir nuwe like to show Work for this question: Open Show Work

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