Recording Investments in Securities-Equity Method On January 1, 2020, Rae Company purchased 5,000 of the 40.000 shares outstanding of common stock (pie $1) of Sundem Corporation for $80,000 cash. Assume that the lar value and book value of all nes assets of Sunden were the same at that time. This is the only long term equity investment held and the ownership of Sundem shares represents a significant interest. The accounting periods tur bon Rae and Sundent end on December 31, Sundem Corporation Income reported for 2020 Year 2000 Cath dividend per share theclared and ped on December 15, 2020 Market price per share of took December12030 4000 12.00 Year 2021 home reported for 221 4000000 Cach den perheiden paid an ember 15, 2001 Markat per share of stuk, Dec201 350 $11.00 fournal Entries Financial Statement Presentation a. Provide all of the entries required for Rae Company for 2020 and 2021 including the investment purduse, recept of dedared dividends and year-end adjusting entries D Dvc 1200 Dec 112621