B. Prepare the entry to be made on the books of Plutonium Corporation to record its investment in Sulfurst Inc. Assume that during the first two years after acquisition of Sulfurst Inc., Sulfurst reports the following changes in its retained earnings: Retained earnings, January I , 2012 Net income, 2012 Less: dividends, 2012 Net income, 2013 Less: dividends, 2013 Retained earnings, December 31 , 2013 $120,000 40,000 (24,000) 45,000 (21,600) $139,400