Please explain and show the steps or formula on how to get the numbers in the journal entry. The solution is in the second picture for your reference. I dont seem to understand how to get the numbers. So plz help. thanks

Financial accounting 2 question

On January 2 , 2016 , Reddenblack , Inc. bought 2, 000 shares of Green Corp.'s convertible $ 4 par . 5% preferred stock for $740, 000. On that same day , the company also bought 10,000 shares ( 2 25 % interest) in Blue CO.'s common stock for $820, 000 , as well as $ 120, 000 of Purple Company's common stock ( 12, 000 shares ). On January 3 , 2076, Reddenblack acquired $700,000 of 6% mortgage bonds of the Orange Corporation at their face value , which it intends to hold until the bonds mature in 2020 . These are the only investments that Reddenblack owns . 2 x 12 = 2 At December 31 , 2016 Jonk cal ( 1 ) Purple Company reported earnings of $920, 000, paid a cash dividend of $2 per share , and had a market value of $ 12 per share ; Font Love ( 11 ) Green Corp. reported earnings of $ 7 43, 000, paid its preferred dividend in cash to all shareholders , and had a market value of $65 per share ; ( 111 ) Orange Corporation reported a net loss from operations of $21 , 000 , paid its annual interest to bondholders in cash , and had a market value of 97 ; and we care ( IV ) Blue Co. reported earnings of $560, 000 for the year , paid a cash dividend of $3 per ( share , and had a market value of $86 per share . 14 70 ( 25 % ) X 560 K = 14016) Prepare the journal entries for Reddenblack at December 31 , 2016 , relating to its investments .7 / 12/31/ Valuation allowance - Purple Come chief Unrealized holding dialing !` 12\\todo Unrealized holding, los Valuation allowance - Green Corp. \\10 00 b Cash $ 24.400 Dividend revenue Cash 62/ 01010 Interest revenue 16 0lob 15} |2^* | $ 40|4 Investment in Blue Co. ``duty \\1/4/0| 0|0/0 Earnings from subsidiary | Invest mwon't \\1/ 4 /010 10 01 Cash 13/0 10,0|0 Investment in Blue Co. \\3 /0 10| 0| 0|