Question 1 On January 1, 2017, Crane Corporation purchased 40% of the common sh dividends of $41,000. ares of River Company for $429,000. During the year, River earned net income of $132,000 and paid Prepare the entries for Crane to record the purchase and any additional entries related to this investment in River Company in 2017. (Credit indented when amount is entered. Do not indent manually. If no entry is required, select "No account titles are the account titles and enter O for the amounts.) Account Titles and Explanation Debit Credit (To record purchase) (To record share of dvidend) (To record share of net income