Please provide the answer in word or excel:

3) Roth Corporation used the equity method to report the following transactions for the years 2017 and 2018:

2017

Feb. 2 Purchased 40% of the voting common shares of Dunn Enterprises Inc. for $500,000.

This is a long-term investment giving Roth Corporation significant influence over

the operations of Dunn Enterprises Inc.

Oct. 15 Received $20,000 cash dividends on Dunn Enterprises Inc. common shares.

Dec. 31 Dunn Enterprises Inc. reported total income of $190,000 for the year ended

December 31, 2017.

2018

Jun. 30 Dunn Enterprises Inc. reported total income of $40,000 for the six months

ended June 30, 2018.

30 Sold one-half of the Dunn Enterprises Inc. shares for $275,000.

Prepare journal entries to record the above transactions.