I posted a question similar to this one about an hour ago, but the way you calculated the last one doesnt seem to work for this one. I dont know where I am going wrong. I got 62400 but that is wrong.

S15-4 (similar to) Question Help On January 1, 2018, Johnson, Inc. decides to invest in 7.200 shares of Yearling stock when the stock is selling for $20 per share On July 1, 2018, Yearling paid a $1.20 per share cash dividend to stockholders. On December 31, 2018, Yearling reports net income of $130,000 for 2018. Assume Yearling has 18,000 shares of voting stock outstanding during 2018 and Johnson has significant influence over Yearling. Read the requirements Accounts and Explanation Jan. 1 Equity Investments --Yearling 144,000 Cash 144,000 Date Debit Credit Purchased investment in stock (equity method). Debit July 1: Yearling paid a $1.20 per share cash dividend to stockholders. Date Accounts and Explanation Jul. 1 Cash Equity Investments ---Yearling Credit 8,640 8,640 Received cash dividend (equity method). December 31: Yearling reports net income of $130,000 for 2018 Date Accounts and Explanation Dec. 31 Equity Investments--Yearling Revenue from Investments Debit Credit Recorded revenue earned from investment (equlty method)