m. Exercise D-4 Record equity Investments using the fair value method (LO D-2) Gator Shoes, Inc., manufactures a line of stylish waterproof footwear. The following transactions relate to investments in common stock during 2021 2 points March 1 Purchases 3,8ee shares (18%) of Power Drive Corporation's common stock for $62 per share. July 1 Receives a cash dividend of $1.25 per share. December 31 The fair value of Power Drive Corporation's common stock is $75 per share. On February 1, 2022. Gator Shoes sells 1.000 shares of Power Drive Corporation's common stock for $70 per share. Required: 1. Record each of these transactions in 2021, including an adjustment on December 31 for the investment's fair value, if appropriate. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" In the first account fleld.) eBook Print View transaction list References Journal entry worksheet Record the receipt of cash dividends. Note: Enter debits before credits. Date General Journal Debit Credit July 01 Journal entry worksheet