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I need help with these questions please Ques on 4As a long-term in estment Painters' Equipmen Co pary purchased 20%of Aiesmliel essaa at the beginning

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Ques on 4As a long-term in estment Painters' Equipmen Co pary purchased 20%of Aiesmliel essaa at the beginning of the fiscal year of both companies During the year, AMC earned net income of $250,000 and distributed cash dividends 25 cents per share. At year-end, thhe shares is ssos,000. Required 1. Assume no significant influence was acquired. Prepare the appropriaste journal entries from the purchase through the end of the year 2. Assume significant influence was acquired Prepare the appropriate journal entries from the purchase through the end of the year

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