Question: Please fill in for the appropriate solutions. Assessing Financial Statement Effects of Trading and Available:for-Sale Securities Use the financial statement effects template to record the

Please fill in for the appropriate solutions.

Please fill in for the appropriate solutions. Assessing Financial Statement Effects of

Assessing Financial Statement Effects of Trading and Available:for-Sale Securities Use the financial statement effects template to record the following four transactions involving investments in marketable securities. 1. Purchased 6,000 common shares of Liu, Inc., at $12 cash per share. 2. Received a cash dividend of $1.10 per common share from Liu. 3. Year-end market price of Liu common stock is $11.25 per share. 4. Sold all 6,000 common shares of Liu for $66,900. Use negative signs with answers, when appropriate. Balance Sheet Income Statement Contributed Earned Net Transaction Cash Asset + Noncash Assets = Liabilities + Capital + Capital Revenue - Expenses = Income 0 (1) O 0 0 0 0 0 0 0 0 0 0 O (2) 0 0 0 0 0 0 0 O 0 (3) 0 0 0 0 0 (4) 0 0 Check

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