Send to Gradebook --/6 Question 2 View Policies Current Attempt in Progress Blue Inc. acquired 20% of the outstanding common stock of Theresa Kulikowski Inc. on December 31, 2020. The purchase price was $1,310,000 for 52,400 shares. Kulikowski Inc declared and paid an $0.85 per share cash dividend on June 30 and on December 31, 2021. Kulikowsk! reported det income of $701,000 for 2021. The fair value of Kulikowski's stock was $28 per share at December 31, 2021. Assume that the security is a trading security Prepare the journal entries for Blue Inc. for 2020 and 2021, assuming that Blue cannot exercise significant influence 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 Date Account Titles and Explanation Debit Credit (To record dividend.) G gaap gains and losses from no x + CW: 17:1 * WAS Assessment Player Tool n/courses/28849/assignments/3071463 Prepare the journal entries for Blue Inc. for 2020 and 2021, assuming that Blue can exercise significant influence 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 Ofo the amounts) Date Account Titles and Explanation Debit Credit (To record dividend.) (To record revenue.) e Textbook and Media List of Accounts At what amount is the investment in securities reported on the balance sheet under each of these methods at December 31, 2021? What is the total net income reported in 2021 under each of these methods