i am reposting because the first response i was given was incorrect. the incorrect answers are shown in the pictures

Required information Exercise 12-19 (Algo) Investment securities and equity method investments compared (L012-5, 12-6) [The following information applies to the questions displayed below.) As a long-term investment, Painters' Equipment Company purchased 20% of AMC Supplies Inc's 550,000 shares for $630,000 at the beginning of the fiscal year of both companies. On the purchase date, the fair value and book value of AMC's net assets were equal. During the year, AMC earned net income of $400,000 and distributed cash dividends of 20 cents per share. At year-end, the fair value of the shares is $670,000. Exercise 12-19 (Algo) Part 1 Required: 1. Assume no significant influence was acquired. Prepare the appropriate journal entries from the purchase through the end of the year. (if no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Answer is complete but not entirely correct. Transactions General Journal Debit Credit Investment in equity socurities 630,000 Cash 630,000 NO 1 1 2 2 No journal entry required Exercise 12-19 (Algo) Part 1 Required: 1. Assume no significant influence was acquired. Prepare the appropriate journal entries from the purchase through the end of the year (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Answer is complete but not entirely correct. No Transactions General Journal Debit Credit Investment in equily secunties 630,000 Cash 630,000 1 1 O 2 2 No journal entry required > 3 3 Cash 110,000 X Dividend revenue OO 110,000 X 4 4 O Fair value adjustment Gain on investments (unrealized NI) 40,000 40.000