Presented below are two independent situations: a) (5) Ivanhoe Inc. acquired 10% of the 414,000 shares of common stock of Schuberger Corporation at a total cost of $13 per share on June 17, 2020. On September 3. Schuberger declared and paid a $114,000 dividend. On December 31 Schuberger reported net income of $514,000 for the year. Tamaris Corporation obtained significant influence over Hunsaker Company by buying 30% of Hunsaker's 114,000 outstanding shares of common stock at a cost of $17 per share on January 1, 2020. On May 15, Hunsaker declared and paid a cash dividend of $114.000. On December 31, Hunsaker reported net income of $214,000 for the year. Prepare all necessary journal entries for 2020 for (a) Ivanhoe and (b) Tamarisk. (if no entry is required, select "No entry for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record entries in the order presented in the problem) Account Titles and Explanation Debit Credit (a) Date Quagle Company had the following transactions pertaining to debt investments 2020 Jan Dec 1 31 Purchased 40.8%, $1,000 Steve Company bonds for $40,000 cash. Interest is payable annually on January 1 Accrued annual interest on Steve Company bonds. 2021 Jan. 1 Received interest from Steve Company bonds. Sold 24 Steve Company bonds for $26.000 Oct. Journalize the transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record Journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit