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Question 12 O pts 1. Pizza, Inc acquired 40% of Sauce Corporation's voting stock on January 1, 2021 for $1,000,000. Pizza's 40% interest in Sauce
Question 12 O pts 1. Pizza, Inc acquired 40% of Sauce Corporation's voting stock on January 1, 2021 for $1,000,000. Pizza's 40% interest in Sauce gives Pizza the ability to exercise significant influence over Sauce's operating and financial policies Dunng 2021 Sauce's net income was $400,000 and paid dividends of $250,000. During 2022, Sauce's net income was $500,000 and paid dividends of $150,000 on April 1 and $150,000 on October 1. What journal entry would Pizza record in 2021 and 2022 (20 points) Edit View Insert Format Tools Table T2
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