Kinman reported a $55,000 net loss and a $21,000 other comprehensive loss for 2017. The company still manages to declare and pay a $7,000 cash dividend during the year. During 2018, Kinman reported a $45,800 net income and declared and paid a cash dividend of $9,000. It made additional inventory sales of $84,000 to Harper during the period. The original cost of the merchandise was $52.500. All but 30 percent of this inventory had been resold to outside parties by the end of the 2018 fiscal year. Prepare all journal entries for Harper for 2017 and 2018 in connection with this investment. Assume that the equity method is applied. (If no entry is required for a transaction/event, select "No journal entry required in the first account field. Do not round intermediate calculations.) View transaction list Journal entry worksheet 3 4 5 6 7 8 ... 12 Record the initial investment, Note: Enter debts before credits General Journal Debit Credit 01/01/2017 Record entry Clear entry View general journal