nework Problem 1-17 (LO 1-3, 1-6) On January 1,2018, Alamar Corporation acquired a 35 percent interest in Burks, Inc for $235.000 On that dae Bu disclosed net assets with both a fair and book value of $347000 During 2018, Burks reported net income af S and paid cash dividends of $24.000. Alamar sold i merchandise in its operations during 2018. Prepare all of Alamars 2018 journal entries to apply the equity method this mement (If no entry is required for a transaction/event, select "No journal entry required" in the first account feld. nventory costing $22.000 to Burks during 2018 for $44 000 Buks uned al View transaction list Journal entry worksheet Record the 35 percent income earned during period by Burks, an investment recorded by means of the equity method. Prev 1 of 10EE Next > 2 3 5 K