Transcribed image text: QUESTION 12 Equity Investment 01/02/18 ABC Co. purchased 5400 shares (25%) of CRM Company for $13,500. ABC has significan influence over CRM Company. In July, 2018 CRM declared and paid a 5.50 cents per share dividend on the CRM stock. For the year ended 12/31/18 CRM reported net income of $127,000. At 12/31/18 the market price of CRM stock rose to $3.25 per share. REQUIRED: 1) Record the journal entries for the 2018 transactions. 2) What is the balance in ABC Co. Investment in CRM Company? 3) At 12/31/18, ABC sold the CRM investment for $41,500, record the Journal entry for the sale. TTT Arial 3(12pt) : T Words Path CLECTION Click Save and Submit to save and submit Click Save All Arners to see all annulers 16