QUESTION 15 Equity Investment Orbit Services.Inc. pays 5700,000 to acquire 25% (200.000 shares of the voting stock of State Investments, Inc. on January 5, 2020. State Investments, Inc declares a pays a cash dividend of $1.40 per share on June 14, 2020, At 12/31/20, State Investments, Inc. reports net income of $420,000. Record the appropriate Journal Entries (if required) for the following transactions: 1) January 5, 2020 investment in State Investments, Inc. 2) Receipt of the Cash Dividend on June 14, 2020. 3) State Investments, Inc. reports Net Income of $420,000 at 12/31/20. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). TT T Arial 3 (12pt) T- E