Assessing Financial Statement Effects of Equity Method Securities Use the financial statement effects template to record the following transactions involving investments in marketable securities accounted for using the equity method. a. Purchased 12,000 common shares of Bakersfield Co. at $8 per share the shares represent 30% ownership in Bakersfield b. Received a cash dividend of $1.00 per common share from Bakersfield c. Bakersfield reported annual net income of $50,000 d. Sold all 12,000 common shares of Bakersfield for $103.500 Use negative signs with answers, if appropriate. Balance Sheet Income Statement Noncash Assets Cash Asset Liabilities 0 Contrib. Captial Karned Capital 0 Revenues Expenses -Net income 0 Transaction Purchased thares of Bakersfield Received cash didend from Bakersfield castelted annual net income d. Sold Befield shares 0 OOO OOOO OOOO 0 0 0 Assessing Financial Statement Effects of Equity Method Securities Use the financial statement effects template to record the following transactions involving investments in marketable securities accounted for using the equity method. a. Purchased 12000 common shares of Bakersfield Co. at 58 per share the shares represent 30% ownership in Bakersfield. b. Received a cash dividend of $1.00 per common share from Bakersfield c. Bakersfield reported annual net income of $50,000 d. Sold all 12,000 common shares of Bakersfield for 5103,500 Use negative signs with answers, it appropriate. Balance Sheet Income Statement Noncash Contrib. Transaction Cash Asset Assets Liabilities Captial Capital Revenues - Expenses Net income Purchased shares of Baksteld Received cash dividend from Bichield carsteld reported annual net income d. Soldal Bakersfield shares Earned 0 0 0 0 0 0 0 0 0 0 OOO OOO OGO OOOO 0 0 Check