Problem 2: Dotterel Corporation paid $200,000 cash for 40% of the voting common stock of Swamp Inc. on January 1, 2019. Book value and fair value information for Swamp on this date is as follows: Book Fair Assets Cash Accounts receivable Values Values $60,000 $60,000 120,000 120,000 Inventories(sold in 2019) 80,000 100,000 Equipment(10 year life On 1/1/2019) 340,000 400,000 $600,000 $680,000 Liabilities & Equities Accounts payable $200,000 $200,000 Note payable( retired during 2019) 120,000 100,000 Capital stock 200,000 Retained earnings 80,000 $600,000 $300,000 Swamp's income for 2019 was $200,000 and they paid $50,000 of dividends. Required: 1.) Prepare an allocation schedule for Dotterel's investment in Swamp. 2.) Prepare Dotterel's entry for the acquisition of Swamp's stock. 3.) Prepare Dotterel's entry to record its receipt of dividends from Swamp. 4.) Prepare Dotterel's entry to record its income from Swamp.