Problem H-04 a-c2 Pharoah Company acquired 28% of the outstanding common stock of Grinwold Inc. on January 1, 2020, by paying $1,627,360 for 58,120 shares. Grinwold declared and paid a $0.50 per share cash dividend on June 30 and again on December 31, 2020. Grinwold reported net income of $760,800 for the year. Prepare the journal entries for Pharoah Company for 2020, assuming Pharoah cannot exercise significant influence over Grinwold. (Use the cost method.) (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 . . Prepare the journal entries for Pharoah Company for 2020, assuming Pharoah can exercise significant influence over Grinwold. (Use the equity method.) (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.) NEXIF Prepare the journal entries for Pharoah Company for 2020, assuming Pharoah can exercise significant influence over Grinwold. (Use the equity method.) (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 . (To record dividends) (To record 28% equity) CARA (To record 28% equity) Shows in tabular form the account balances under each method at December 31, 2020. (Do not leave any answer field blank. Enter o for amounts.) Cost Method Equity Method Stock Investments Dividend Revenue Revenue From Stock Investments Question Attempts: 0 of 5 used