MNO Corporation acquired 30% of the outstanding common stock of PQR Company for $500,000 cash. PQR Company reported net income of $100,000 for the year. Requirements: a. Prepare the journal entry to record the investment in PQR Company by MNO Corporation. b. Determine the amount of income recognized by MNO Corporation from its investment in PQR Company. c. Record the receipt of dividends by MNO Corporation if PQR Company declared a $0.50 dividend per share. d. Calculate the carrying value of the investment at the end of the year. e. Analyze the impact of the investment on the income statement and balance sheet of MNO Corporation.