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parts a, b , and C Vaughn Joseph inc, acquired 20% of the outstanding common stock of Theresa Carla Vista inc. on December 31, 2025.

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Vaughn Joseph inc, acquired 20% of the outstanding common stock of Theresa Carla Vista inc. on December 31, 2025. The purchase price was $1,294,800 for 49,800 shares. Carla Vita Inc. declared and paid an $0.75 per share cash dividend on June 30 and on December 31, 2026. Carla Vista reported net income of $764,000 for 2026. The fair value of Carla Vista's stock was 529 per share at December 31, 2026. Assume that the security is a trading security. (a) Prepare the journal entries for Vaughn joseph inc for 2025 and 2026 , assuming that loseph cannot exerelse signifieant influence over Carla Vista. (List ol deblt entries before orefit entries Credit acosunt titles ore automoticolly indented when amount is entered Do not indent manually tf no entry is reguind, select "No Entyy" for the occount titles and enter of for the dmounts Record ioumal entries in the onder presented in the problem.J Prepare the journal entries for Vaughn Joseph inc, for 2025 and 2026, assuming that joseph ean everclse significant influence over Carla Vista. (Wist all debit entrics bafare cedit entrles. Oradit occount titles are automatically indented when amount is entered Do not indent manubly, If no entryls required, select "No Entry" for the ococunt titles and enter Ofor the anounts fecord journal entries in the order presented in the problem) eTextbook and Media List of Accounts Usint muitiple attempts wili impast vour scare: 20% score reduction after attemox 1 (c) 2026? What is the tocal het income reporied in 2026 under cach of these methode? At what amount is the imvestment in securities reported on the batance sheet under each of these methods at December 31 . 2026? What is the total net incarne reported in 2026 under each of these methods

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