8 Required information Exercise D-8 Compare the fair value method to the equity method (LO D-2, D-3) {The following information applies to the questions displayed below) As a long-term investment For Company purchased 20% of Midlin Company's 290.000 shares for $348,000 at the beginning of the reporting year of both companies. During the year, Midin earned net income of $134,000 and distributed cash dividends of $0.30 per share. At year-end, the fair value of the shares is $362,500. Part 2 of 2 6.25 points Exercise D-8 Part 2 00 2. Assume significant influence was acquired. Record the transactions from the purchase through the end of the year, including any adjustment for the investment's fair value. If appropriate. (If no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field.) View transaction for Journal entry worksheet 4 > Record the receipt of cash dividends, Note Enerbit before credits Cred Transaction 9 General Journal Dividendo Unrealized Holding GainNet income Debit 14,500 14,500 Recordantry Clear entry View general Journal Print View transaction list Journal entry worksheet Record adjusting entry of investments to fair value. Note: Enter debits before credits General Journal Debit Credit Transaction 6 Record entry Clear entry View general Journal