Question: Please explain how you got got the numbers the answer is in the hen second pic On January 2 , 2016 , Reddenblack , Inc.

Please explain how you got got the numbers the answer is in the hen second pic

 Please explain how you got got the numbers the answer isin the hen second pic On January 2 , 2016 , Reddenblack

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 Care ( 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 ; But Core ( 111 ) Orange Corporation reported a net loss from operations of $2 1 , 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 %2 ) X 560 K = 14016\\ Prepare the journal entries for Reddenblack at December 31 , 2016 , relating to its investments .an /31 Valuation swance - Puddle Centocor Unteallied Holding dall addd alfa dol Unrealuel Laldine Loss Voluntun alesisince - GFeehold oldop Cash Dividend Revenue Cash Untest Aerenue ddoo investment in Blue Co. 140 000 Earnings from subsidiary Layout will Cash 30 ddo Jhwestmerk in Blue Co 30 0 0 0

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