please use the names listed below

QS C-15 Equity method transactions LO P5 Rowan Co, purchases 100 common shares (40%) of JBI Corp. as a long-term investment for $500,000 cash on July 1. JBI Corp. paid $5,000 in total cash dividends on November 1 and reported net income of $100,000 for the year. (1)-(3) Prepare Rowan's entries to record the purchase of JBI shares, the receipt of its share of JBI dividends and the December 31 year-end adjustment for its share of JBI net income. View transaction list Journal entry worksheet Record the purchase of JBI shares. Note: Enter debits before credits. General Journal Credit Date Jul 01 Debit 500,000 500,000 Debt investments - AFS Debt investments - HTM Debt investments - Trading Earnings from equity method investments Equity method investments Record View general Journal