QUESTION 16 G Company paid $200,000 for 20% Ownership of Te Corporation and used the fair value method to account for this investment Te Company reported net income of $110,000 for 2020 paid dividends of S60 000 on December 31, 2020. G Company's share of Te Corporation is worth a far market value of $180,000 on December 31, 2020 Horn A For Company, make all necessary journal entries at December 31, 2020 Place"ItemA" in front of your typed answer Answer should include 5 amount and the appropriate professional journal entry. Place debit before accounts dobited and credit before accounts credited Use appropriate account torminology and do not abbreviate account names 5 points) TT T Arial v3 (12pt i QUESTION 16 G Company paid $200,000 for 20% ownership of Te Corporation and used the fair value method to account for this investment. Te Company reported not income of 5110,000 for 2020 paid dividends of 500,000 on December 31, 2020. G Company's share of Te Corporation is worth a fair market value of $180.000 on December 31, 2020 Itom A For G Company, make all necessary journal entries at December 31, 2020 Place tomAin front of your typed answer Answer should includes amount and the appropriate professional journal entry. Place debit before accounts debited and credit before accounts credited Use appropriate account terminology and do not abbreviate account names 5 points) TT T Arial 3[12pt E. QUESTION 16 Company pod $200,000 for 20% ownership of Te Corporation and used the value method to account for this investment To Company reported not inom 5110,000 to 2000, paid dividends of 500,000 on December 31, 2020. Company's share of Te Corporation is worth a to market value of $100,000 on December 31, 2000 Hom A Tor Company, make all necessary journal ones at December 31, 2020. Placem in front of your typed answot Answer should includes amount to prolona journal entry Place dobit before accounts debited and credit before account credited Use appropriate account torminology and do not be contamos points) TTT Aria 312p! E