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 1,000 shares of Reimer on July 12, 2021, for $30,000; b. Reimer reported $50,000 net income on December 31, 2021; c. Reimer's stock price was $33 on December 31, 2021; d. Reimer declared and paid a $2 per share cash dividend on May 1, 2022; e. Reimer reported $50,000 net income on December 31, 2022; and f. Reimer's stock price was $28 on December 31, 2022. 2. Prepare journal entries to record the facts in the case, assuming Rossow owns 30 percent of Reimer's stock. Reimer reported $50,000 of net income each year. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)