Prepare journal entries to record all the above events for the scam corporation

Jan 1, 2017

June 15, 2017

December 31, 2017 (2 entries)

** Question 30 (11 points) Saved (11 marks, 20 minutes) The Scam Corporation reported the following transactions for the year 2017: Jan. 1 Obtained significant influence over Unruh Company by buying 25% of Unrub's 100.000 outstanding shares of common stock at a total cost of S22 per share June 15 Unruh Company declared and paid a cash dividend of S1.50 per share Dec. 31 Unruh's reported net income was $280,000. Dec 31 Scam sold 30% of its holding of Unruh sbares for S00.000. Required: Prepare journal entries to record all the above events for the Scam Corporation January 1, 2017 June 15, 2017: December 21 2017: (2 entries)