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Problem S: Investment in Equity Securities On January 1, the company acquires 25% of the stock of Sun Times, Inc. at a cost of $100.000 On December 31, Sun Times reports a net income of $60,000, and declares and pays a dividend of $10,000. Assume that the investment is made for cash. Use the above information to answer questions 12 thru 14. Question 12 2 pts OS on D Question 12 2 pts ery Record the entry for the investment on January 1 using the following account headings: Accounts Debit Credit Edit View Insert Format Tools Table 12pt Paragraph BIU A V Tv : O words an Question 13 2 pts y Record the journal entry (if any) for the net income of $60,000. If no entry, write "No Entry Required". If an entry is necessary, use the following account headings when recording the entry: Accounts Debit Credit Edit View Insert Format Tools Table 12pt Paragraph B I Avbv Tv) : son Question 14 2 pts ry Record the journal entry (if any) for the dividend payment of $10,000. If no entry, write "No Entry Required". If an entry is necessary, use the following account headings when recording the entry: Accounts Debit Credit Edit View Insert Format Tools Table 12ptParagraph BIU A er tv