Part 2 Prepare all necessary journal entries for 2017 for Walker Corporation for their long-term equity investments. Acquired 10% of the 300,000 common shares of Bear Company at a total cost of $12 per share on January 1, 2017. On July 1, Bear Company declared and paid a cash dividend of $1.50 per share. Obtained significant influence over William's Company by buying 30% of Williams' 200,000 outstanding common shares at a total cost of $24 per share on January 1, 2017. On June 15, the William's Company declared and paid a cash dividend of $2.50 per share.