Instructions On January 1, 2019, Tiger Company purchased 6,720 shares of Eagle Corporation's common stock when Eagle had 22,400 shares outstanding. On that date, the following information pertained to Eagle: 1 2 Depreciable assets (remaining life, 8 years) 3 Other non-depreciable assets Total 5 Liabilities Shareholders' equity 7 Total Eagle Corporation Balance Sheet January 1, 2019 Book Value Fair Value $600,000.00 $620,000.00 290,000.00 300,000.00 $890,000.00 $920,000.00 $300,000.00 $330,000.00 590,000.00 $890,000.00 Instructions 1 2 Depreciable assets (remaining life, 8 years) 3 Other non-depreciable assets 4 Total 5 Liabilities 6 Shareholders' equity 7 Total www.ive DIVE January 1, 2019 Book Value Fair Value $600,000.00 $620,000.00 290,000.00 300,000.00 $890,000.00 $920,000.00 $300,000.00 $330,000.00 590,000.00 $890,000.00 During 2019, Eagle earned net income of $120,000 and paid total dividends of $48,000. Required: Prepare the journal entries of Tiger related to its share of Eagle's net income and dividends in 2019. Prepare the journal entries of Tiger on December 31 related to its share of Eagle's net income and receipt of dividends in 2019. General Journal Instructions How does grading work? PAGE 1 GENERAL JOURNAL Score: 64/76 1 Cash 3 DATE Dec. 31 Investment in Stock: Eagle Corporation Dec. 31 Investment in Stock: Eagle Corporation ACCOUNT TITLE POST. REF DEBIT CREDIT 177,000.00 177,000.00 36,000.00 Investment Income 36,000.00 5 Dec. 31 Cash 14,400.00 Investment in Stock: Fanle Comoration. 14.400.00 D Dravinc