Four transactions involving investments in marketable securities are classified as trading follows. (1) Purchased 6,000 common shares

Four transactions involving investments in marketable securities are classified as trading follows.

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(1) Purchased 6,000 common shares of Liu, Inc., for $12 cash per share. (2) Received a cash dividend of $1.10 per common share from Liu. (3) Year-end market price of Liu common stock is $11.25 per share. (4) Sold all 6,000 common shares of Liu for $66,900. a. Prepare journal entries to record the four transactions. b. Post the journal entries from a to their respective T-accounts. C. Record each of the transactions from a in the financial statement effects template. d. Using the same transaction information as above and assuming the investments in marketable securities are classified as available-for-sale, (i) prepare journal entries to record the transac- tions, (ii) post the journal entries to their respective T-accounts, and (iii) record each of the transactions in the financial statement effects template.