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On January 2, 2021, MBH Inc. acquired 20% 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, 2021, MBH Inc. acquired 20% of the voting common stock of Construction Corporation as a long term investment Data from Construction Corporation's financial statements for the year ended December 31, 2021, include the following Net income Dividenda paid $ 155,000 $ 80,000 Required: Prepare any necessary journal entries for MBH at December 31, 2021, under the equity method of accounting for investments of me entry is required for a transaction/event, select "No journal entry required" in the first account field.) Verw transaction list Journal entry worksheet 1 2 Record the entry for investment revenue received from Construction Corporation. Note: Enter debits before credits Debit Credit General Journal

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