On January $1,2025,$ Joiner, Inc. decides to invest in $9,450$ shares of Gelding stock when the stock is selling for $$18$ per share. On June $1,2025,$ Gelding paid a $$1\mathrm{.}10$ per share cash dividend to stockholders. On December $31,2025,$ Gelding reports net income of $$70,000$ for $2025.$ Assume Gelding has $27,000$ shares of voting stock outstanding during $2025$ and Joiner, Inc. has significant influence over Gelding.

Read the requirements.

January $1$: Joiner, Inc. decides to invest in $9,450$ shares of Gelding stock when the stock is selling for $$18$ per share.

$\backslash$table$[[$Date$,$Accounts and Explanation,Debit,Credit$],[$Jan$.1],[,,,],[,,,],[,,,],[,4,,]]$

June $1$: Gelding paid a $$1\mathrm{.}10$ per share cash dividend to stockholders.

$\backslash$table$[[$Date$,$Accounts and Explanation,Debit,Credit$],[$Jun$.1],[,,,0],[,,A,],[,,,],[,,,]]$

December $31$: Gelding reports net income of $$70,000$ for $2025.$

$\backslash$table$[[$Date$,$Accounts and Explanation,Debit,Credit$],[$Dec$.31,,,],[,,,],[,,,]]$