information pertaining to long-term investments in stock in 2011 by tate corporation follows:

information pertaining to long-term investments in stock in 2011 by tate corporation follows: obtained significant influence over Wynn Company by buying 30% of Wynn's 100,000 outstanding shares of common stock at at a total cost of $22 per share on January 1, 2011. One JUne 15, Wynn company declared and paid a cash dividend of $1.75 per share. On December 31, Wynn's reported net income was $280,000. Prepare journal entries for January 1, June 15 and December 31 for Tate corporation