Rash Co. acquired 18% of the 200,000 ordinary shares of Rana Co. at a 2 points total cost of JOD 14 per share on April 18, 2020. On June 30, Rana Co. declared and paid a JOD 80,000 cash dividend. On December 31, Rana Co. reported net income of JOD500,000 for the year. At December 31, the market price of Rana Co. was JOD 17 per share. The investment is classified as trading. Prepare journal entries on June 30 and December 31. Your answer 2pc The Housing bank obtained significant influence over Royal Jordanian Corporation by buying 30% of Royal Jordanian's 300,000 outstanding ordinary shares at a total cost of JOD9 per share on January 1, 2020. On June 15, Royal Jordanian declared and paid a cash dividend of JOD 720,000. On December 31, Royal Jordanian reported a net income of JOD 850,000 for the year. Prepare journal entries on June 15 and December 31