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Problem H-04 a-c2 Ivanhoe Company acquired 29 % of the outstanding common stock of Grinwold Inc. on January 1, 2020, by paying $1,691,570 for 58,330 shares. Grinwold declared and paid a $0.50 per share cash dividend on June 30 and again on December 31, 2020. Grinwold reported net income of $841,700 for the year. Prepare the journal entries for Ivanhoe Company for 2020, assuming Ivanhoe cannot exercise significant influence over Grinwold. (Use the ost method.) (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order prsented in the problem.) Date Account Titles and Explanation Debit Credit Prepare the journal entries for Ivanhoe Company for 2020, assuming Ivanhoe can exercise significant influence over Grinwold. (Use the equity method.) (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Account Titles and Explanation Date Debit Credit (To record dividends) (To record 29 % equity) Shows in tabular form the account balances under each method at December 31, 2020. (De not leave any answer field blank. Enter 0 for amounts.) Cost Method Equity Method Stock Investments Dividend Revenue Revenue From Stock Investments

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