+ HW 4 Chapter 17 - /20 E Question 7 of 22 View Current Attempt in Progress Metlock Inc., acquired 20% of the outstanding common stock of Theresa Kulikowski inc on December 31, 2020. The purchase price was $1.243.200 for 51.800 shares Kulikowski Inc declared and paid an $0.75 per share cash dividend on June 30 and on December 31.2021. Kulikowski reported net income of $786.000 for 2021. The fair value of Kulikowski's stock was $27 per share at December 31, 2021 a) Prepare the journal entries for Metlock Inic for 2020 and 2021, assuming that Metlock cannot exercise significant influence over Kulikowskl. (Condit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit 06_ch17.ppt label.pdf Red Question 7 of 22 Accounting Over Kulikowski (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts) Question Accounting Credit Debit Date Account Titles and Explanation Viewing Accounting Question Accounting Me Question 9 Accounting or Question 10 Accounting Me 1 (To record dividend.) Question 11 Accounting Oror Question 12 Accountin Mut (To record fair value) Question 13 Multiple Choice Top label.pl