. Judd, Inc., owns 5% of Cosby Corporation. During the calendar year 2018, Cosby had net earnings of $300,000 and paid dividends of $30,000. Judd paid $2,000,000 for Crosby in 2018. At the end of the year the fair value of Crosby was $1,750,000. Please provide the journal entries for Judd related to these events.

part 2

Judd, Inc., owns 35% of Cosby Corporation (Judd has significant influence). During the calendar year 2018, Cosby had net earnings of $300,000 and paid dividends of $30,000. Please provide the journal entries related to these events.