Forte Inc. produces and sells theater set designs and costumes. The company began operations on January 1, 2018. The following transactions relate to securities acquired by Forte Inc, which has a fiscal year ending on December 31, 2016 Jan Dec. 10 Purchased an influential interest in Imboden Inc. for $760,000 by purchasing 152,000 shares directly 31 Required: from the estate of the founder of Imboden Inc. There are 400000 shares of Imboden Inc. stock outstanding Received $57,400 of cash dividends on Imboden Inc. stock. Imboden Inc. reported net income of $540,000 in 2018. Forte Inc uses the equity method of accounting for its investment in Imboden inc 1. Joumalize the entries to record these transactions. Fleter to the chart of accounts for the exact wording of the account es CNOW joumals do not use lines for journal explanations. Every line on a joumal page is used for debit or credit entries. CNOW journals will automatically indent a