On July 1. 2018, Clearwater Inc purchased 5.750 $157,500 net assets on July 1, 2018, are both $630,000. The total fair value of the 23,000 shares of Mountain's common stock on had 23,000 shar shares of the outstanding common stock of Mountain Corporation at a cost of es of outstanding common stock The total book value and total fair value of Mountain's individual companies have a January through December fiscal year. The following data pertains to Mountain Corporation during 2018: Dividends declared and paid, Jul. 1-Dec. 31 $11,300 Net income, January 1-June 30 $13,300 $17.300 necessary entries for 2018 under the equity method 2. Prepare any necessary entries for 2018 (other than for the under the fair value through net income method in the tabs select "No journal entry