The Master Company acquired a 40% interest in Dickerson Company common stock on January 2, 2017, for $1,000,000. On December 31, 2017, Dickerson Company paid $100,000 in dividends, and reported net income of $270,000. Required 1) Prepare the entry to purchase the 40% investment in Dickerson on January 2. 2) Prepare the entry to record Master Company's share of Dickerson's dividends. 3) Prepare the entry to record Master Company's share of Dickerson's reported net income. 4) What is the balance of the investment in Dickerson stock at the end of 2017