I need help with part C please.

Martinez Inc. acquired 20% of the outstanding common stock of Theresa Kulikowski Inc. on December 31, 2017. The purchase price was $1,177,500 for 47,100 shares. Kulikowski Inc. declared and paid an $0.80 per share cash dividend on June 30 and on December 31, 2018. Kulikowski reported net income of $659,000 for 2018. The fair value of Kulikowski's stock was $28 per share t December 31, 2018. Assume that the security is trading security. ? (a) Your answer is partially correct. Try again. Prepare the journal entries for Martinez Inc. for 2017 and 2018, assuming that Martinez cannot exercise significant influence over Kulikowski. (Credit 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 for the amounts.,) Date Account Titles and Explanation Debit Credit Dec. 31, 2017Equity Investments 1177500 Cash 1177500 June 30, 2018 37680 Dividend Revenue 37680 Dec. 31, 2018 37680 Dividend Revenue 37680 To record dividend.) Fair Value Adjustment 141300 Chapter 17 HW Questions/Exercise