Question: Please solve for number 2, having issues calculating that part, thank you in advance. On January 1, Lifestyle Pools purchased 20% of Marshall Fence's common

Please solve for number 2, having issues calculating that part, thank you in advance.

Please solve for number 2, having issues calculating that part, thank you

in advance. On January 1, Lifestyle Pools purchased 20% of Marshall Fence's

On January 1, Lifestyle Pools purchased 20% of Marshall Fence's common stock for $560,000 cash. By the end of the year, Marshall Fence reported net income of $146,000 and paid dividends of $46,000 to all shareholders. Required: For Lifestyle Pools, record the initial purchase and its share of Marshall Fence's net income and dividends for the year. Note: If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Journal entry worksheet Note: Enter debits before credits

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