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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

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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 1,500 shares of Reimer on July 12, 2021, for $28,500; b. Reimer reported $21,000 net income on December 31, 2021; c. Reimer's stock price was $25 on December 31, 2021; d. Reimer declared and paid a $2 per share cash dividend on May 1, 2022; e. Reimer reported $21,000 net income on December 31, 2022; and f. Reimer's stock price was $20 on December 31, 2022 Required: 1. Prepare journal entries to record the facts in the case, assuming Rossow owns less than 10 percent of Reimer's stock. (If no entr required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet

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