Foolmula: Subtract, Multiply; Cell Referencing BE9.12 - Using Excel to Prepare Entries for Equity Investments PROBLEM Alaska Corporation purchased common shares of Burke Inc. and accounted for them using FV-OCl. During the year, Burke paid cash dividends. The following data was provided by Alaska Corporation. \begin{tabular}{lr} Number of shares purchased & 300 \\ Purchase price of shares & $23,400 \\ Dividends received during the year & $3.25 per share \\ Fair value at year end & $74.50 per share \end{tabular} Student Work Area Required: Provide input into cells shaded in yellow in this template. Use cell references with mathematical formulas to the Problem area or work area as indicated. Prepare Alaska's journal entries to record: (a) The purchase of the investment (b) The dividends received (c) The fair value adjustment