Question: On January 2 , 2 0 2 4 , MBH Incorporated acquired 3 0 % of the voting common stock of Construction Corporation as a

On January 2,2024, MBH Incorporated acquired 30% of the voting common stock of Construction Corporation as a long-term investment. Data from Construction Corporation's financial statements for the year ended December 31,2024, include the following:
Net income $ 148,000
Dividends paid $ 73,000
Required:
Prepare any necessary journal entries for MBH at December 31,2024, under the equity method of accounting for investments.

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