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Question 8 of 17 > - / 10 View Palice Current Attempt in Progress Crane Inc. obtained significant influence over Cullumber Corporation by buying 14%

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Question 8 of 17 > - / 10 View Palice Current Attempt in Progress Crane Inc. obtained significant influence over Cullumber Corporation by buying 14% of Cullumber 30.700 outstanding shares corrman stack at a tatal cost of $14 per share an January 1, 2022. On June 15 Cullumber declared and paid a cash dividend of $32.900. On December 31 Cullumber reported a net income of $122.000 for the year Prepare all the necessary journal entries for 2022 for Crane Inc. (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 Debit Credit Jan. 1 : June 15 : Dec. 31 : Save for later Attempts: 0 of 1 used Suomi

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