Question: 4 A B C D 1 4 Points 2 Ishim Corporation purchased 2,200 shares of Tumen Inc. as a trading investment for $16,940 3 at

4 A B C D 1 4 Points 2 Ishim Corporation

4 A B C D 1 4 Points 2 Ishim Corporation purchased 2,200 shares of Tumen Inc. as a trading investment for $16,940 3 at $7.70 per share. During the year, Tumen Inc. paid a cash dividends of $0.39 per share. 4 At year-end, Tuma's shares were selling for $10.01 per share. 6 Instructions: 8 9 10 11 Prepare Ishim' journal entries to record 1) The purchase of the investment. 2) The dividends received. 3) The fair value adjustment at year end. Account Titles 1. Your name and ID Question 1 Question 2 Question 3 Bonus Question Ready

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