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PLEASE ANSWER ALL THE QUESTIONS AND SHOW WORK TO RECEIVE A THUMBS UP Shamrock Co. acquired 25% of the 530,000 shares of outstanding common stock

PLEASE ANSWER ALL THE QUESTIONS AND SHOW WORK TO RECEIVE A THUMBS UP

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Shamrock Co. acquired 25% of the 530,000 shares of outstanding common stock of Overload Inc. on December 31,2020 . The purchase price was $3,855,750. Overload declared and paid $1.20 per share cash dividends on June 18,2021 , and on November 29 , 2021. Overload reported net income of $1,170,000 for 2021 . The fair value of Overload common stock was $26 per share at December 31, 2021 (a) Your answer is partially correct. Prepare the journal entries for Shamrock Co. for 2021, assuming that Shamrock cannot exercise significant influence over Overload. The securities should be classified as available-for-sale. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) E Your answer is partially correct. Prepare the journal entries for Shamrock Co. for 2021, assuming that Shamrock can exercise significant influence over Overload. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

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