Starfleet Corporation purchases 69,000 shares of common stock of Tinder Corp. as an investment. Record the investment at January 1,2022 , for $500,000. During 2022 . Tinder Corp reported a total Net Income of $3,000,000 and paid total dividends of $900,000 to all shareholders. At December 31,2022 the fair value of Tinder Corp stock was $13 per Share. Question 1 (4 points) Saved Assuming that the 69,000 shares represent an 11% interest in Tinder Corp., prepare any entries that Starfleet Corporation should make to account for its investment in Tinder stock during 2022. To complete the journal entries always include the debit account first and the credit accounts second. If you have a compound entry with multiple debit and or credit accounts include DR and CR to designate if you are debiting or crediting the account. See the example below remembering each line here is one line you are typing into. DR Equipment $100,000 CR Accounts Payable $50,000 CR Cash $50,000 Record the January 1,2022 entry Blank # 1 Blank # 2 Assuming that the 69,000 shares represent an 11% interest in Tinder Corp., prepare any entries that Starfleet Corporation should make to account for its investment in Tinder stock during 2022. To complete the journal entries always include the debit account first and the credit accounts second. If you have a compound entry with multiple debit and or credit accounts include DR and CR to designate if you are debiting or crediting the account. See the example below remembering each line here is one line you are typing into. DR Equipment $100,000 CR Accounts Payable $50,000 CR Cash $50,000 Record the dividends entry Blank ith 1 Blank # 2 Assuming that the 69,000 shares represent an 11% interest in Tinder Corp., prepare any entries that Starfleet Corporation should make to account for its investment in Tinder stock during 2022. To complete the journal entries always include the debit account first and the credit accounts second. If you have a compound entry with multiple debit and or credit accounts include DR and CR to designate if you are debiting or crediting the account. See the example below remembering each line here is one line you are typing into. DR Equipment $100,000 CR Accounts Payable $50,000 CR Cash $50,000 Record the December 31,2022 entry Blank # 1 Blank * 2 Assuming that the 69,000 shares represent an 36% interest in Tinder Corp. and that this percentage of ownership gives Starfleet significant influence over Tinder Corp,. prepare any entries that Starfleet Corporation should make to account for its investment in Tinder stock during 2022. Assume January 1st entry has been made. To complete the journal entries always include the debit account first and the credit accounts second. If you have a compound entry with multiple debit and or credit accounts include DR and CR to designate if you are debiting or crediting the account. See the example below remember each line here is one line you are typing into. DR Equipment $100,000 CR Accounts Payable $50,000 CR Cash $50,000 Record'entry to record dividends. Blank # 1 Blank # 2 A Assuming that the 69,000 shares represent a 36% interest in Tinder Corp. and that this percentage of ownership gives Starfleet significant influence over Tinder Corp,. prepare any entries that Starfleet Corporation should make to account for its investment in Tinder stock during 2022. Assume January 1st entry has been made. To complete the journal entries always include the debit account first and the credit accounts second. If you have a compound entry with multiple debit and or credit accounts include DR and CR to designate if you are debiting or crediting the account. See the example below remember each line here is one line you are typing into. DR Equipment $100,000 CR Accounts Payable $50,000 CR Cashh $50,000 Record Dec. 31, 2022, entry when Tinder reported a Net Income of $3,000,000. Blank # 1 Blank # 2
