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Nash Inc. acquired 20% of the outstanding common stock of Theresa Kulikowski Inc on December 31, 2020. The purchase price was $ 1.097,800 for 49,900

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Nash Inc. acquired 20% of the outstanding common stock of Theresa Kulikowski Inc on December 31, 2020. The purchase price was $ 1.097,800 for 49,900 shares. Kulikowski Inc, declared and paid an $0.85 per share cash dividend on June 30 and on December 31, 2021. Kulikowski reported net income of $769.000 for 2021. The fair value of Kulikowski's stock was $25 per share at December 31, 2021 Prepare the journal entries for Nash Inc for 2020 and 2021, assuming that Nash cannot exercise significant influence over Kulikowski. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts) Sate Account Titles and Explanation Debit Credit (To record fair value.)

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