m/ilrn/takeAssignment/takeAssignmentMain.do?invoker-assignments&takeAssignmentSessionLocator-assignment-take&inprogress-false Calculator On January 2, Todd Company acquired 40% of the outstanding stock of McGuire Company for $205,000. For the year ending December 31, McGuire earned income of $48,000 and paid dividends of $14,000. Required Prepare the entries for Todd Company for the purchase of the stock, share of McGuire income, and dividends received from McGuire, Jan. 2 Dec. 31 Dec. 31