Question 3 of 5 View Policies Show Attempt History < > Current Attempt in Progress Your answer is partially correct. 2.49/3 Information pertaining to stock investments in 2021 by Com-ex Corporation follows: Acquired 15% of the 200,000 shares of common stock of Buffalo Company at a total cost of $9 per share on January 1, 2021. On July 1, Buffalo Company declared and paid a cash dividend of $1.90 per share. On December 31, Buffalo reported net income was $675,000 for the year. Obtained significant influence over Eta Company by buying 30% of Eta's 120,000 outstanding shares of common stock at a total cost of $25 per share on January 1, 2021. On June 15, Eta Company declared and paid a cash dividend of $2.50 per share. On December 31, Eta's reported net income was $330,000. Prepare all necessary journal entries for 2021 for Com-ex Corporation. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Jan. 1 Stock Investments Jan. 1 Cash (To record purchase of Buffalo Company) Stock Investments Cash (To record purchase of Eta Company) June 15 Cash Stock Investments July 1 Cash Dividend Revenue Dec. 31 Stock Investments Revenue from Stock Investments eTextbook and Media List of Accounts Save for Later Debit 270000 900000 300000 Credit 270000 900000 300000 Attempts: 2 of 3 used Submit Answer