Exercise H-04 a-b On January 1, Pharoah Corporation purchased a 25% equity investment in Shane Corporation for $152,200. At December 31, Shane declared and paid a $76,700 cash dividend and reported net income of $35 Journalize the transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the proble Date Account Titles and Explanation Debit Credit (To record dividend) (To record 25% equity investment) Determine the amount to be reported as an investment in Shane stock at December 31. Investment in Shane, December 31 $