Question: May I know how if my values match and make sense? If not please let me know why. How do I approach these transactions? Assessing

May I know how if my values match and make sense? If not please let me know why. How do I approach these transactions?

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 (Balance Sheet & Income Statement):

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.

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