IV. Rosen Company purchased 35,000 ordinary shares of Polo Corporation as a long-term investment for 770,000. During the year, Polo Corporation reported net income of 300,000 and paid dividends of 100,000. Instructions (a) Assuming that the 35,000 shares represent a 15% interest in Polo Corporation: 1. Prepare the journal entry to record the investment in Polo. 2. Prepare any entries that Rosen Company should make in accounting for its investment in Polo during the year. 3. What is the balance of the Share Investments account on Rosen Company's books at the end of the year? (b) Repeat requirement (a) above except assume that the 35,000 shares represent a 25% interest in Polo Corporation