On 1-1-w7 we purchased 40% of Stack Corporation for $30,000. At the time, Stack's owners' equity on their books was $4,000, and Stack had the following assets with market values exceeding book value by the following amounts: Land $20,000 30,000 (10 years life remaining) Buildings 10,000 (5 years life remaining) Patent Stack earned $10,000 in 20x7 in net income and paid $20,000 dividends. Required: Prepare all journal entries for 20x7 pertaining to the investment in Stack including the initial investment in Stack. Show your work. BE SURE AND WRITE THE ACCOUNT NAME AND DR FOR DEBIT OR CR FOR CREDIT BY IT HTML Editora