Help! I'm Stuck! ~~~~Thank You~~~~~~

BACK NEXT Problem 16-04A a-c Heidebrecht Design acquired 25% of the outstanding common stock of Ivanhoe Company on January 1, 2020, by paying $904,000 for the 45,200 shares. Ivanhoe declared and paid $0.40 per share cash dividends on March 15, June 15, September 15, and December 15, 2020. Ivanhoe reported net income of $341,500 for the year. At December 31, 2020, the market price of Ivanhoe common stock was $27 per share Your answer is partially correct. Try again Prepare the journal entries for Heidebrecht Design for 2020 assuming Heidebecht Design cannot exercise significant influence over Ivanhoe. (Record Journal entries in the order Prepare the journal entries for Heidebrecht Design for 2020 assuming Heidebrecht Design cannot exercise significant influence over Ivanhoe. (Record journal e Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for th amounts.) Date Account Titles and Explanation Debit Credit Jan. 1 Stock Investments 904000 cash 904000 Mar. 15 | |Cash 18080 Dividend Revenue 18080 June 15 Cash 18080 Dividend Revenue 18080 Sept. 15 | |Cash 18080 Dividend Revenue 18080 Dec. 15 Cash 18080 Dividend Revenue 18080 Dec. 31 Stock Investments 316400 Unrealized Gain or Loss-Income 316400 Prepare the journal entries for Heidebrecht Design for 2020, assuming Heidebrecht Design can exercise significant influence over Ivanhoe. Use the equity method. (Record journal entr account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter 0 F Date Account Titles and Explanation Debit Credit Jan. 1 Stock Investments cash Mar. 15 [cash Dividend Revenue June 15caslh Dividend Revenue Sept. 15 cash Dividend Revenue Dec. 15-cash Dividend Revenue Dec. 31 Stock Investments Unrealized Gain or Loss-Income Your answer is partially correct. Try again. Indlicate the balance sheet and income statement account balances at December 31, 2020, under each method of accounting. Cost Method Equity Method Stock Investments 904000 Dividend revenue 72320 Unrealized gain income 316400 Revenue from stock investments 388720