Rosa Cagay.com oft Corporate for the war, Corporation reported to 000 Ath.000 here 104 Carport 1. Pre the entry to content in ons te that once Company that is the year Carmine them No entante Det Cost Method 1 . Assuming that the 35,000 shares represent a 20% interest in Paxton Corporation: 1. Prepare the journal entry to record the investment in Paxton stock 2. Prepare any entries that Rosco Company should make in accounting for its investment in Paxton stock during the year, 3. What is the balance of the Stock Investments account on Rosco Company's books at the end of the year? (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Equity Method 1. (To record purchase of 35,000 shares of Paxton's Corporation stock) 2. (To record 20% equity in Paxton's net income) (To record dividends received) 3. Stock Investments account balance