Rowan Co. purchases 200 common shares (40%) of JBI Corp. as a long-term investment for $510,000 cash on July 1. JBI Corp.pl $5,750 in total cash dividends on November 1 and reported net income of $115,000 for the year. (1) - (3) Prepare Rowan's entries to record the purchase of JBI shares, the receipt of its share of JBI dividends and the December year-end adjustment for its share of JBI net income. View transaction list Journal entry worksheet 2 3 Record the purchase of JBI shares. Note: Enter debits before credits Date General Journal Debit Credit Jul 01 Record entry Clear entry View general journal Required information [The following information applies to the questions displayed below.) The following data is provided for Garcon Company and Pepper Company Beginning finished goods inventory Beginning work in process inventory Beginning raw materials inventory (direct Rental cost on factory equipment Direct labor Ending finished goods inventory Ending work in process inventory Ending raw materials inventory Factory utilities Factory supplies used (indirect material General and administrative expenses Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Sales Garcon Company $ 14,480 16,600 11,780 27,750 19,600 18,050 27,400 7,300 10,950 10,980 24,500 1,250 6,620 36,000 61,200 207,30 30,000 232,500 17,000 Pepper Company $ 16,000 20,550 9,150 26,350 39, eee 14,900 19,000 8,400 16,000 4,900 56,000 9,640 3,050 65,000 50,800 320,010 23,200 139,825 21,950 Cash Factory equipment, net Accounts receivable, net Required: 1. Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper December 31, 2019. 2. Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Com; December 31, 2019. Complete this question by entering your answers in the tabs below. Required 1 Required 2