Evаnsburg Cоrpоrаtiоn аcquired 20% interest in Cynthia Company for $45,000 on January 1, 2025. During 2025 Cynthia reported net income of $25,000 and paid a total cash dividend of $10,000. RequirementPrepare the journal entries for the investment in Cynthia Company, assuming Evansburg uses equity method.
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