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REQUIRED 2: 2. In 2018, Blevins Company purchased two investments are as follows: The investee companies are Cobamet Company and Finco, Inc. Facts about both

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REQUIRED 2: 2. In 2018, Blevins Company purchased two investments are as follows: The investee companies are Cobamet Company and Finco, Inc. Facts about both investments Investee % Holding # of shares Held Costshare FV/share at 12/31 Income of Investee Finco Cobamet 35% 10% 30,000 10,000 $20 $37 $19.50 $44.00 $160,000 $466,000 In addition, Cobamet paid $50,000 in total cash dividends in 2018 Finco paid a 585.715 total cash dividend in 2018 >>>Prepare ALL 2018 required journal entries for both investments on the books of Blevins Company

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