GHI Corporation acquired 40% of the outstanding common stock of JKL Company for $300,000 cash. JKL Company reported net income of $150,000 for the year. Requirements: a. Prepare the journal entry to record the investment in JKL Company by GHI Corporation. b. Determine the amount of income recognized by GHI Corporation from its investment in JKL Company. c. Record the receipt of dividends by GHI Corporation if JKL Company declared a $1 dividend per share. d. Calculate the carrying value of the investment at the end of the year. e. Analyze the impact of the investment on the income statement and balance sheet of GHI Corporation.