QZ Appendix D 2 Part 2 of 2 01:21:34 Required information [The following information applies to the questions displayed below.] The following information pertains to Rossow Corporation and its investee Reimer Company: a. Rossow purchased 1,300 shares of Reimer on July 12, 2021, for $18,200; b. Reimer reported $49,000 net income on December 31, 2021; c. Reimer's stock price was $21 on December 31, 2021; d. Reimer declared and paid a $3 per share cash dividend on May 1, 2022; e. Reimer reported $49,000 net income on December 31, 2022, and f. Reimer's stock price was $15 on December 31, 2022. 2. Prepare journal entries to record the facts in the case, assuming Rossow owns 40 percent of Reimer's stock. Reimer reported $49,000 of net income each year. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet

Required information [The following information sppiles to the questions displayed below] The following information pertains to Rossow Corporation and its imvostee Reimer Company: a. Rossow purchased 1,300 shares of Reimet on July 12,2021 , for $18,200 : b. Reimer reported $49,000 net income on December 31, 2021, c. Reimer's stock price was $21 on December 31,2021 . c. Reimer's stock price was $21 on December 31,2021 ; d. Reimer teported $49,000 net income on December 31,2022 ; and f. Reimet's stock price was $15 on December 31,2022. 2. Prepare journal entries to record the facts in the case, assuming Rossow owns 40 percent of Reimer's stock. Reimer reported $49,000 of net income eoch year, (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet