Question 22 10 pts On January 1, 20X2, Pullman Company acquired 30 percent of Skate Company's common stock for $100,000 cash. Skate reported net income of $150,000 for 20X2 and paid total dividends of $72,000. Pullman uses the equity method to account for this investment. Required: Prepare the journal entries recorded by Pullman to recognize income from Skate and receive dividend from Skate in 20X2. Edit View Insert Format Tools Table 12pt v Paragraph B IUAT |