Joumalizing equity investment transactions; $20\%-50\%$ ownership

On January $2,20$Y$7,$ Mikedes Company acquired $30\%$ of the outstanding stock of Violet Company for $$720,000.$ For the year ended December $31,20Y7,$ Vialet Comp$3$ny earmed income of $$190,000$ and paid dividends of $$40,000.$ On January $31,20$Y$8,$ Mikedes Company sold all of its investment in Violet Company stock for $$770,000.$

Journalize the entries for Mikedes Company for the purchase of the stock, the share of Violet Company income, the dividends received from Violet Company, and the sale of the Violet Company stock. If an amount box does not require an entry, leave it blank.