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On January 2, 2020, Didek Corporation purchased 30% of the outstanding shares of Sim Corporation for $500,000. Net income reported by Sim Corporation for 2020

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On January 2, 2020, Didek Corporation purchased 30% of the outstanding shares of Sim Corporation for $500,000. Net income reported by Sim Corporation for 2020 and 2021 was, respectively. 590,000 and 5130,000. Dividends paid by Sim Corporation during 2020 and 2021 were, respectively, $30,000 and $45,000 Didek Corporation has representation on the board of directors for Sim Corporation The Journal entry to record the 2020 dividends from the investee will include a O A. debit to Cash for $30,000 OB. debit to Cash for $9.000 O C. credit to Dividend Revenue for $30,000 OD. credit to Dividend Revenue for $9.000

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