Grouper Inc. acquired 20% of the outstanding common stock of Theresa Kulikowski Inc. on December 31, 2017. The purchase price was $1,305,200 for 50,200 shares. Kulikowski Inc. declared and paid an $0.75 per share cash dividend on June 30 and on December 31, 2018. Kulikowski reported net income of $763,000 for 2018. The fair value of Kulikowskis stock was $29 per share at December 31, 2018. Assume that the security is a trading security.

Prepare the journal entries for Grouper Inc. for 2017 and 2018, assuming that Grouper cannot exercise significant influence over Kulikowski.

Prepare the journal entries for Grouper Inc. for 2017 and 2018, assuming that Grouper cannot exercise significant influence over Kulikowski required, select "No Entry" for the account titles and enter 0 for the amounts.) Account Titles and Explanation Debit Credit (To record dividend.) (Ilir,toni fait. Vilw.)