ssuming that the 28,000 shares represent a 10% interest in Paxton Corporation: Prepare the journal entry to record the investment in Paxton stock 2 Prepare any entries that Kingbird 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 Kingbird Company's books at the end of the year? Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit untries.) No. Account Titles and Explanation Debit Credit Cost Method 1. Stock Investments Cash 2. Cash Dividend Revenue SA 3. Stock Investments account balance $ 720000 720000 8000 720000 I 8000