Question: 2 . On 1 / 1 / 2 0 1 3 Eyephone, Inc. purchases 1 0 0 , 0 0 0 shares of Apple (

2. On 1/1/2013 Eyephone, Inc. purchases 100,000 shares of Apple (ticker APL) for $-2013,r share. The purchase represents hasta 100%00 seaship stake in Apple. Throughout 2013, Apple pays a S10 per share dividend to common shareholders, and as of 12/31/2013 Apple stock is worth $470 per share. (For simplicity you can assume the declaration and payment of thedividends happen on the same date)What are the journal entries to record the purchase, dividend, and change in market value ofHow much income would Eyephone, Inc. record from the Apple investment in 2013?

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