Q5 - Talib Company purchased 20% of Qasim Company on January 1, 2020, by paying $800,000 for 40,000 shares. Qasim declared and paid a $0.50 per share cash dividend on June 30 and again on December 31, 2020. For the current year, Qasim reports net income of $150,000 and declares and pays a $50,000 cash dividend. At December 31, 2020, the market price of Qasim common stock was $14 per share. Prepare the journal entries for Talib's for 2020, assuming Talib's cannot exercise significant influence over Qasim