The following information pertains to Rossow Corporation and its investee Relmer Company a. Rossow purchased 1,500 shares of Reimer on July 12, 2021, for $28,500, b. Reimer reported $21,000 net income on December 31, 2021; c. Reimer's stock price was $25 on December 31, 2021; d. Reimer declared and paid a $2 per share cash dividend on May 1, 2022; e. Reimer reported $21,000 net income on December 31, 2022; and 1. Reimer's stock price was $20 on December 31, 2022. 2. Prepare journal entries to record the facts in the case, assuming Rossow owns 24 percent of Relmer's stock. Reimer reported $21.000 of net income each year. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet A B C D E F > Record the purchase of 1,500 shares (24%) of Reimer Company for $28,500 The company will record the investment under the equity method accounting. Note: Enter debits before credits Date General Journal Debit Credit July 12, 2021