M UU NOU Wo questions: bought 30% of the stock of an investee for $70 (Note: There is no need to record the initial purchase of the investment.) 14. Assume the investee's net income was $40. Record the entry, any, that the investor would make Assets Liabilities Owners' Equity Debit Credit 15. Assume the investor received a $5 dividend. Record the entry Assets Liabilities Owners' Equity Debit Credit s 16. Assume a firm buys PP&E for $70 and pays $15 for shipping and $30 for installation. Record the acquisition: Assets Liabilities Owners' Equity Debit Credit s 17. Assume a firm spends $200 to build PP&E Assume the firm has debt of $300, with a 8% interest rate. Complete the entry to record interest expense and capitalized interest. Assume the firm has paid the interest. Assets Liabilities Owners' Equity Debit Credit s