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Sunland Company purchased_39,480 shares of common stock of the Carla Vista Corporation as an investment for $940,000. During the year, Carla Vista Corporation reported net income of $376,000 and paid dividends of 894,000. 1.) Prepare the journal entry to record the investment in Carla Vista stock. Pewnt Titkos Explanation Debit Credit 2.) Prepare any entries that Sunland Company Should make in accounting for its investment in Carla Vista stock during the year. Account Titles ! Explanation Debit Credit a. b. 3.) What is the balance of the Stock Investments account on Sunland Company's booths at the end of the year? Balance at the end of the year Sunland Company purchased_39,480 shares of common stock of the Carla Vista Corporation as an investment for $940,000. During the year, Carla Vista Corporation reported net income of $376,000 and paid dividends of 894,000. 1.) Prepare the journal entry to record the investment in Carla Vista stock. Pewnt Titkos Explanation Debit Credit 2.) Prepare any entries that Sunland Company Should make in accounting for its investment in Carla Vista stock during the year. Account Titles ! Explanation Debit Credit a. b. 3.) What is the balance of the Stock Investments account on Sunland Company's booths at the end of the year? Balance at the end of the year