a. Use the financial statement effects template to record the following four transactions involving investments in marketable securities classified as trading.

(1) Purchased 12,000 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 was \(\$ 11.25\) per share.

(4) Sold all 12,000 common shares of Liu for \(\$ 133,800\).

b. Using the same transaction information as above, complete the financial statement effects template (with amounts and accounts) assuming the investments in marketable securities are classified as available-for-sale.