On January 1, 2021, Alamar Corporation acquired a 39 percent interest in Burks, Inc., for $211,000. On that date, Burks's balance sheet disclosed net assets with both a fair and book value of $378,000. During 2021, Burks reported net income of $77,000 and declared and paid cash dividends of $22,000. Alamar sold inventory costing $22,000 to Burks during 2021 for $38.000. Burks used all of this merchandise in its operations during 2021. Prepare all of Alamars 2021 journal entries to apply the equity method to this investment (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet ces Record the acquisition of a 39 percent interest in Burks. Note: Enter debits before credits. General Journal Debit Credit Transaction 1 Record entry Clear entry View general journal 1 Record the acquisition of a 39 percent interest in Burks. 2. Record the 39 percent income earned by Alamar from this investment. 3 Record the investee dividend declaration. 4 Record the collection of dividend from investee. Crec Note : = journal entry has been entered Record entry Clear entry View general BuyCo. Inc., holds 25 percent of the outstanding shares of Marqueen Company and appropriately applies the equity method of accounting. Excess cost amortization (related to a patent) associated with this investment amounts to $10,200 per year. For 2020, Marqueen reported earnings of $101,000 and declares cash dividends of $30,000. During that year, Marqueen acquired inventory for $40,000, which it then sold to Buy Co for $80,000. At the end of 2020, BuyCo continued to hold merchandise with a transfer price of $26.000. a. What Equity in Investee Income should Buy Co report for 2020? b. How will the intra-entity transfer affect BuyCo's reporting in 2021? c. If BuyCo had sold the inventory to Marqueen, would the answers to (a) and (b) have changed? (For all requirements, do not round intermediate calculations.) ces b Equity in investee income Equity accrual for 2021 will be If BuyCo had sold the inventory to Marqueen, would your answers above change? increased No by c