Parent lnc. a calendar year reporting company acquired 100% of Subsidiary Inc.s out standing common stock at a cost of $ 450,000 on Dec. 31, 2018. Result for 2019 (based on book values) are: Subsidiary's Reported Income 80,000 Dividend Declared by subsidiary65,000 What journal entries would Parent Inc. record in its general ledger related to Subsidiary's income and dividend for 2019 under the Equity Method?

i need it as a text and in details

MQC

on september X company acquired for cash all of y company outstanding common stock. the accounting year of both the companies end on December 31. 2019. consolidation net income for the year end should include net income of

X company for 12 months and y company for 3 months

X company for 3 months and y company for 3 months

X company for 12 months and y company for 12 months

X company for 12 months but no income from Y company until Y company distributes a dividend