on January 2, 2017,Todd Com pany acquired 35% ofthe outstanding stock ofMcGine Company for $250,000, For the year ending, Devemibver 31, McCuire eaned income dd $100,000 and paid dividends of $20,000. 28, Required: (Shows computations and references are required) Prepare the entries for Todd Company for the purchase of the stock, shazre of Mcire income and dividends received from McGuire Debit Credit