Larkspur Inc. acquired 20% of the outstanding common stock of Theresa Kulikowski Inc. on December 31, 2017. The purchase price was $1,214,400 for 52,800 shares. Kulikowski Inc. declared and paid an $0.80 per share cash dividend on June 30 and on December 31, 2018. Kulikowski reported net income of $768,000 for 2018. The fair value of Kulikowskis stock was $26 per share at December 31, 2018. Assume that the security is a trading security. Collapse question part (a) Prepare the journal entries for Larkspur Inc. for 2017 and 2018, assuming that Larkspur cannot exercise significant influence over Kulikowski.