On January 1, 2021, Jimmer Corp. purchased 25% of Laetner Corp.s common stock for $2,000,000. Below is information about the book value and fair value of Laetners assets:

Required (Please put Dr in front of your debits and Cr in front of your credits, else it is hard to see what is a debit or credit in the d2L output):

1: Record the journal entry Jimmer Corp. recorded when they purchased Laetners equity.

2: Record the journal entries to account for Laetners income, dividends, and adjusting entries.

3: Assume Laetner sold the asset for 2,200,000 on January 1, 2022. Record Jimmer Corp.s journal entry associated with the sale of Laetner Corp.s stock.