Question 14 of 14 - / 1 ili View Policies Current Attempt in Progress On January 1, 2020, Sweet Corporation purchased 30% of the common shares of Pharoah Company for $188,000. During the year, Pharoah earned net income of $64,000 and paid dividends of $ 16,000. Prepare the entries for Sweet to record the purchase and any additional entries related to this investment Pharoah Company in 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit (To record purchase of stock.) (To record receipt of dividends.) (To record revenue.) eTextbook and Media List of Accounts Save for Later Attempts: 0 of 2 used Submit Answer Using multiple attempts will impact your score. 70% score reduction after attempt 1