HODU Additional Problem Your answer is partly correct. My On 1, 2020. Preghor Corporation purchased 20% of the outstanding voting stures W WET Coperation for $1.290,000. At the time of purchase, wet ses were undervalued by $3,000 and ad remaining use We of 12 years. Both companhada December 31 year end. At the end of 2020, WLT reported a net inom 303,000. No, December 31, 2020, the four value of the westein WL sharey was 51.414,000. On January 10, 2021, WLT pada cash dividend. Prongho's ownership entities to $22,100 / the dividende Prepare the journal entries on the book of Pyonghorn Corporation to record the transaction described above, turning that the 20% rein woon net present significato elected to account for its rement following the four value through net income (PVN) model. (Credits are cally indented when the amount is entered into Record rural tries in the enter presented in the problem. Wory required led "No Entry for the accounts and enter for the Account Titles and Explanation Det Credit 2020 investment 1290000 120000 quily investment 50400 Drvence 60400 6133 investment in toate ch Question Attempts to used O c