QS $15-17($Algo$)$ Financial statement impact of equity method investments LO P$5$

Rowan made entries to record $(1)$ the purchase of JBI shares, $(2)$ the receipt of its share of JBI dividends, and $(3)$ the December $31$ year$-$

end adjustment for its share of JBI net income. Analyze Rowan's entries by showing each entry's effect on the accounting equation$-$

specifically, identify the accounts and amounts $($including $+$ or $-)$ for each.