Question 13 Coronado Industries owns 39% of Sandhill Company. For the current year, Sandhill reports net income of $260000 and declares and pays a $60000 cash dividend. Which of the following correctly presents the journal entries to record Coronado's equity in Sandhill's net income and the receipt of dividends from Sandhill? 101400 101400 Dec. 31 Stock Investments Revenue from Stock Investments Dec. 31 Cash Stock Investments 23400 23400 78000 Dec. 31 Stock Investments Revenue from Stock Investments 78000 101400 101400 23400 23400 Dec. 31 Revenue from Stock Investments Stock Investments Dec. 31 Stock Investments Cash Dec. 31 Stock Investments Revenue from Stock Investments Dec, 31 Cash Stock Investments 101400 o 101400 60000 60000 son 4.24.20.1