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Part D: Investments On January 10, 2017, Badger Co. purchased 30% of the outstanding stock of Crest Co.for $123,000. Crest paid total dividends to all

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Part D: Investments On January 10, 2017, Badger Co. purchased 30% of the outstanding stock of Crest Co.for $123,000. Crest paid total dividends to all shareholders $15,000 on July 15, 2017. Crest Co had a net loss of $25,000 for the year ended December 31, 2017. REQUIRED: 1 - Journalize the entry to record the purchase of Crest Co stock. 2 - Journalize the entry to record the receipt of dividends. 3 - Journalize the entry to record the equity investment loss in Crest Co stock. 4 - Compute the balance of Investment in Crest Co. Stock for December 31, 2017 Journal Entries Account Name Date Debit Credit

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