On January 1, 2018, McCoy Corporation purchased 300,000 of the 1,200 ,000 outstanding common shares of Sulu Corporation for $12 per share cash. During 2018, Sulu Company paid cash dividends to shareholders of $1.00 per share and reported a net income of $4,400,000. On December 31, 2018, the market value of the Sulu common stock was $18 per share. REQUIRED: A. Give all of the necessary journal entries required for the year 2018 to account for McCoys investment in the Sulu common stock. B. Indicate the accounts and their balances that would appear on McCoys financial statements at the end of 2018: Income Statement Balance Sheet: