On January 10, 2014, Badger Co. purchased 28% of the outstanding stock of Crest Co. for $189,000. Crest Co. paid total dividends to all shareholders of $22,700 on July 15. Crest Co. had a net loss of $37,800 for 2014.

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a. Journalize Badger's purchase of the stock, receipt of the dividends, and adjusting entry for the equity loss in Crest Co. stock.

Jan. 10 - Purchase	Correct 2 of Item 1	Correct 3 of Item 1
	Correct 4 of Item 1		Correct 5 of Item 1
July 15 - Dividend	Correct 7 of Item 1	Correct 8 of Item 1
	Correct 9 of Item 1		Correct 10 of Item 1
Dec. 31 - Equity Loss	Correct 12 of Item 1	Correct 13 of Item 1
	Correct 14 of Item 1		Correct 15 of Item 1

b. Compute the balance of Investment in Crest Co. Stock on December 31, 2014.