Question: please answer it quickly 1,2,3 2. Prepare the necessary journal entries for Vidalia's investment in Woodbine common stock. In 2022, Vidalia had the following activities

please answer it quickly 1,2,3

2. Prepare the necessary journal entries for Vidalia's investment in Woodbine common stock. In 2022, Vidalia had the following activities in long-term investments: Question Group (9 Points) (1) May 10 Purchased 50,000 shares of Woodbine stock for $15 per share. Short Answer (3 Points) Attachment Upload Received a cash dividend of $2 per share on Woodbine stock. (2) August 24 Short Answer (3 Points) Attachment Upload (3) December 31 Woodbine reported net income of $478,000. Woodbine has 125,000 shares of common stock outstanding. Short Answer (3 Points)

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