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On January 2. 2018, MBH Inc. acquired 30 % of the voting common stock of Construction Corporation as a long-term investment. Data from Construction Corporation's

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On January 2. 2018, MBH Inc. acquired 30 % of the voting common stock of Construction Corporation as a long-term investment. Data from Construction Corporation's financlal statements for the year ended December 31, 2018, include the following: $148,000 $ 73,000 Net income Dividends paid Required: Prepare any necessary journal entries for MBH at December 31, 2018, under the equity method of accounting for Investments. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction ist Journal entry worksheet Record the entry for investment revenue received from Construction Corporation. Nte: Enter debits before aredits Transaction General Journal Debit Credit Recond entry Clear entry View general journal On January 2, 2018, MBH Inc. acquired 30 % of the voting common stock of Construction Corporation long term investment. Data from Construction Corporation's financial statements for the year ended December 31, 2018, Include the following $148,000 $ 73,000 Net income Dividends paid Required: Prepare any necessary journal entries for MBH at December 31, 2018, under the equity method of accounting for Investments. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View b n Journal entry worksheet

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