Current Attempt in Progress

Flounder Corporation purchased $400$ common shares of Sigma Inc. for trading purposes for $$12,800$ on September $8$ and accounted

for the investment under ASPE at FV$-$NI$.$ In December, Sigma declared and paid a cash dividend of $$1\mathrm{.}81$ per share. At year end,

December $31,$ Sigma shares were selling for $$35\mathrm{.}80$ per share. In late January, Flounder sold the Sigma shares for $$34\mathrm{.}93$ per share.

$($a$)$

Prepare Flounder Corporation's journal entry to record the purchase of the investment. $($Credit account titles are automatically

indented when the amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for

the amounts. List debit entry before credit entry.$)$