Search Courses John, Inc. acquired 10% of the 1,000,000 shares of common stock of Mountain Corp. for $400,000 on March 15, 2020. On July 15, Mountain Corp. declared and paid a $80,000 dividend. On December 31, Mountain Corp. reported net income of $300.000. of Using the COST METHOD. prepare all the necessary journal entries for 2020 for John, Inc. Make sure that you date your entries appropriately. You will not receive points if your dates are incorrect. 7 A % 3 B I / Journal Debit Credit Date Account Name Home End E12 Backspace & 7 8 9 0 5 6 T Y U