On January 1,Year 1,Rickson Corporation purchased 7,500 shares of AutoTech as an equity method investment for a total of $235,000.The 7,500 shares represent 30% of the outstanding (25,000)shares of AutoTech.Prepare the journal entries for Rickson to record the following transactions and events:

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The Answer of On January 1,Year 1,Rickson Corporation purchased 7,500 shares of AutoTech as an equity method investment for a total of $235,000.The 7,500 shares represent 30% of the outstanding (25,000)shares of AutoTech.Prepare the journal entries for Rickson to record the following transactions and events:

On January 1,Year 1,Rickson Corporation Purchased 7,500 Shares of AutoTech