Remaining Time: 1 hour, 47 minutes. 06 words Question Completion Statut Moving to another question 10 28 2 29 Question 5 Harris Cosmetics acquired 30% of the 100,000 shares of common stock of Se Colective at a la cated 512 person 1 11.2 SIMS declared and paid a $40,000 dividend. On December 31, Sia Colective reported net income of $180.000 fer to year Doom the report Fashion was $20 per share. The stock is classified as avalable for-sale. INSTRUCTIONS: a) Prepare the appropriate December 31 journal entry for the books of Harris Cosmetics Dates should be keyed as (ex. Month DD). Account titles must be appropriate and speed correctly to receive any evil Roberta provide assistance. Amounts must be written using commas (ex. 12.000) Word Bank Cash Gain on Sale of Investments Debt Investments Loss on Sale of Investments Dividend Revenue Revenue from Stock Investments Fair Value Adjustment-AFS Stock Investments Fair Value Adjustment-Stock Unrealized Gain or Loss Equity Fair Value Adjustment Trading Unrealized Gain or Loss-Income Account Titles and Explanation Date Debit Crede December 31 A Moving to another question will save this respores