7 10 points 00:29:52 GL1501 (Algo) - Based on Problem 15-4A LO P4 Lafayette Corporation had no short-term investments prior to this year. It had the following transactions this year involving short-term stock investments with insignificant influence. April 16 July 7 July 20 August 15 August 28 October 1 Purchased 5,000 shares of Marshall Company stock at $27 per share. Purchased 3,500 shares of Twinings Company stock at $52 per share. Purchased 1,600 shares of Dade Company stock at $19 per share. eBook December 15 December 31 Received an $1.20 per share cash dividend on the Marshall Company stock. Sold 3,000 shares of Marshall Company stock at $30 per share. Received a $3.80 per share cash dividend on the Twinings Company shares. Received a $1.40 per share cash dividend on the remaining Marshall Company shares. Received a $3.20 per share cash dividend on the Twinings Company shares. Print Requirement General Journal General Ledger Trial Balance Fair Value Adj Transaction Analysis Fin St Impact References For each transaction, indicate the change, if any, in total assets and total equity. If equity changes, indicate whether the change was reflected as a component of net income, or directly within the stockholders' equity portion of the balance sheet. Remember that the change in total assets must agree with the change in total equity. Show less Apr. 16) Purchased 5,000 shares of Marshall Company stock at $27 per share. Jul. 7) Purchased 3,500 shares of Twinings Company stock at $52 per share. Jul. 20) Purchased 1,600 shares of Dade Company stock at $19 per share. Aug. 15) Received an $1.20 per share cash dividend on the Marshall Company stock. Aug. 28) Sold 3,000 shares of Marshall Company stock at $30 per share. Oct. 1) Received a $3.80 per share cash dividend on the Twinings Company shares. Dec. 15) Received a $1.40 per share cash dividend on the remaining Marshall Company shares. Dec. 31) Received a $3.20 per share cash dividend on the Twinings Company shares. Dec. 31) Adjusted the securities to year-end fair value. Totals Change in Total assets As a component of net income Change in equity: As a direct component of stockholders' Total change in equity equity $ 0 0 0 0 0 0 0 0 0 $ 0 $ 0 $ 0 $ 0 < Fair Value Adj Fin St Impact > Show less