I need help with journalizing this Jan. 10 Purchased an influential interest in Imboden Inc. for $1,029,600 by purchasing 132,000 shares directly from the estate of the founder of Imboden Inc. There are 400,000 shares of Imboden Inc. stock outstanding. Mar. 10 Received a cash dividend of $0.31 per share on Sankal Inc. stock. Sep. 12 Received a cash dividend of $0.24 per share plus an extra dividend of $0.06 per share on Sankal Inc. stock. Dec. 31 Received $67,300 of cash dividends on Imboden Inc. stock. Imboden Inc. reported net income of $417,900 in 2017. Forte Inc. uses the equity method of accounting for its investment in Imboden Inc. Dec. 31 Sankal Inc. is classified as an available-for-sale investment and is adjusted to a fair value of $22 per share. Use the valuation allowance for available-for-sale investments account in making the adjustment for the decrease in fair value from $27 to $22 per share.