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Forte Inc. produces and sells theater set designs and costumes. The company began operations on January 1, 20Y5. The following transactions relate to securities acquired

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Forte Inc. produces and sells theater set designs and costumes. The company began operations on January 1, 20Y5. The following transactions relate to securities acquired by Forte Inc., which has a fiscal year ending on December 31, 20 Y: Jan. 10 Purchased an influential interest in Imboden inc, for 5785,000 by purchasing 94,000 shares directly from the estate of the founder of Imboden Inc. There are 325,000 shares of lmboden lnc stock outstanding. Dec 31 Received 578,000 of cash dividends on lmboden lnc. stock lmboden inc reported net income of $482,000 in 20V6. Forte Inc. uses an equity method of accounting for its investment in imbuden lne- Journalize the entries to recond these transactiens

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