b. Post the journal entries from a to their respective T-accounts. Cash Investment in Liu Unrealized Gain Loss on Sale Unrealized Loss Gain on Sale Dividend Income c. Record each of the transactions from a in the financial statement effects template. Use negative signs with answers when appropriate. Income Statement Balance Sheet Cash Asset + Noncash Assets = Liabilities Transaction Contrib. Capital + Earned Capital =Net Income Revenue Expenses 1. Purchased shares from Liu. 2. Received dividend from Liu. 3. Year-end market price of Liu stock. + 4. Sold all shares of Liu. - d. Using the same transaction information as above and assuming the investments in marketable securities are classified as available-for-sale, (i) prepare journal entries to record the transactions, (ii) post the journal entries to their respective T-accounts, and (ii) record each of the transactions in the financial statement effects template. (1) Purchased 6,000 common shares of Liu, Inc., for $12 cash per share. (2) Received a cash dividend of $1.10 per common share from Liu (3) Year-end market price of Liu common stock is $11.25 per share. (4) Sold all 6,000 common shares of Liu for $66,900. i. Prepare journal entries to record the four transactions. General Journal Ref. Description Debit Credit 7 3 Cash Investment in Liu i. Post the journal entries from a to their respective T-accounts. Unrealized Gain Cash Investment in Liu Loss on Sale Unrealized Loss Gain on Sale Dividend Income iii. Record each of the transactions from a in the financial statement effects template. Use negative signs with answers when appropriate. Income Statement Balance Sheet Contrib. Capital + Earned Capital Transaction Cash Asset + Noncash Assets = Liabilities Revenue Expenses = Net Income 1. Purchased shares from Liu. 2. Received dividend from Liu. 3. Year-end market price of Liu stock. 4. Sold all shares of Liu