6 Saved Help Save & Exit Check Required information The following information applies to the questions displayed below] Selk Steel Co., which began operations on January 4, 2017, had the following subsequent transactions and events in its long-term investments. 2017 Jan. 5 Selk purchased 60,000 shares (25% of total) of Kildare's comon stock for $1,86,000 Oct. 23 Kildaire declared and paid a cash dividend of $3.20 per share Dec. 31 Kildaire's net income for 2017 is $1,19e,e00, and the fair value of its stock at December 31 is $34.20 per share. 2018 Oct. 15 Kildaire declared and paid a cash dividend of $3.10 per share Dec. 31. Kildaire's net income for 2018 is $1,570,e0, and the fair value of its stock at Decenber 31 is $36.20 per share 2019 an. 2 Selk sold all of its investment in Kildsire for $2,255,009 cash. s indicate that it does not have a significant Part 2 influence over the investee and that it is classified as an available-for-sale security investment Required epare an entry dated January 2. 2019, to t 1. Prepare journal entries to record the preceding transactions and events for Selk Also pr Next > 6 0,8