ctice Assignment Gradebook ORION Downloadable eTextbook iment e: 06:03 PM / Remaining: 10 min. FULL SCREEN PRINTER VERSION BACK NEXT Question 9 On January 1, Golden Valley Corporation, a publicly traded company, purchased 30% of Hook Ltd. common shares for $786,000. At December 26, Hook declared a $43,000 dividend (Golden Valley received its share that day) and reported net income of $77,000. The shares' fair value at December 31 was $829,000. (a) Record each of these transactions, assuming Golden Valley has significant influence over Hook and is using the equity method to account for this investment. (Credit account titles 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 0 for the amounts.) nate Angount Titles and Explanation Debit Credit