Required information [The following information applies to the questions displayed below.] The following information pertains to Rossow Corporation and its investee Reimer Company: a. Rossow purchased 2,900 shares of Reimer on July 12,2021 , for $133,400; b. Reimer reported $33,000 net income on December 31, 2021; c. Reimer's stock price was $53 on December 31, 2021; d. Reimer declared and paid a $2 per share cash dividend on May 1,2022 ; e. Reimer reported $33,000 net income on December 31,2022 ; and f. Reimer's stock price was $49 on December 31, 2022. Prepare journal entries to record the facts in the case, assuming Rossow owns 38 percent of Reimer's stock. Reimer reported $33,000 of net income each year. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet B CDEF> Record the purchase of 2,900 shares (38\%) of Reimer Company for $133,400. The company will record the investment under the equity method of accounting. B Record the entry to recognize earnings from Rossow's investment in Reimer. Reimer reported net income of $33,000 in 2021. C Record the valuation adjustment, if required, assuming the fair value of Reimer Company's stock on December 31,2021 is $53 per share. D Record the receipt of cash dividends on May 1, 2022 of $2 per share. E Record the entry to recognize earnings from Rossow's investment in Reimer. Reimer reported net income of $33,000 in 2022. F Rornred the valuation adilictment if ronuirad accuminn Note : = journal entry has been entered