Youtube Maps Return to Blackboard IS Pinancial Accounting, Seventh Canadian Edition by Kimmel, Weyandt, Kleno, Trenholm, Ervine, and Burnley S Help System Annencements Question 55 innich Corporation purchased 190,000 of the 50.000 common shares of Abacus ud, on October 1, 2018, at $2.50 per share. Near the end of the fourth quarter ended December 31, Abacus declared dividends on its common shares of $73.000 but payment will not be made until 2019. Abacus also announced that had net income for the water ended December 31, 2018, of $181,000. Record the journal entries that rich would make during the last quarter ended December 31, 2018, under the following assumptions! Cinrich has significant influence over Abacus and uses the equity method to account for this investment. (Credit account ttles are automatically indented when the amount is entered. De not Indent manually. If ne entry is required, select No Entry for the account titles and enter for the amounts Date Account Tities and Explanation Debit Cinrich does not have significant influence over Abacus and uses the cost model to account for this investment. (Credit account s are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit