Show Attempt History Current Attempt in Progress Concord Inc. acquired 20% of the outstanding common stock of Theresa Kulikowski Inc on December 31, 2020. The purchase price was $ 1,310,000 for 52.400 shares. Kulikowski Inc declared and paid an $ 0.75 per share cash dividend on June 30 and on December 31, 2021. Kulikowski reported net income of $ 667,000 for 2021. The fair value of Kulikowski's stock was $28 per share at December 31, 2021 (a) Your answer is partially correct. Prepare the journal entries for Concord Inc. for 2020 and 2021, assuming that Concord cannot exercise significant influence over Kulikowski. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Date Account Titles and Explanation Debit Credit Dec 31, 2020 Equity Investments 1,310,000 Cash 1,31 June 30, 2021 Cash Dividend Revenue Dec 31, 2021 Cash Dividend Revenue (To record dividend.) Fair Value Adjustment Unrealized Holding Gain or Loss -Income (To record fair value.)