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5. A Co. Inc. engaged in the following investment transactions. Purchased 1000 shares of M Company common stock for $20 Feb. 17, 2021 per share. A does not have significant influence over M Company. April 1, 2021 Bought 40,000 of the 100,000 outstanding shares of B Company for $400,000. A has significant influence over B. June 25,2021 Received a \$1.20 per share dividend on M Company stock. B Company reported profits of $40,000 and paid Dividends of Dec. 31, 2021$10,000 for the ninc-months ended Dec. 31 . Dec. 31, 2021 M Co. shares are selling for \$25. B shares are selling for $12. Jan. 5, 2022 Sold the investment in M Company for $26 per share. Sold the investment in B Company for $11 per share. Required: Prepare the appropriate journal entries to record the transactions of A Co. 5. A Co. Inc. engaged in the following investment transactions. Purchased 1000 shares of M Company common stock for $20 Feb. 17,2021 per share. A does not have significant influence over M Company. April 1, 2021 Bought 40,000 of the 100,000 outstanding shares of B Company for $400,000. A has significant influence over B. June 25, 2021 Recerved a \$1.20 per share dividend on M Company stock. B Company reported profits of $40,000 and paid Dividends of Dec. 31, 2021$10,000 for the nine-months ended Dec. 31 . Dec. 31, 2021 M Co. shares are selling for $25.B shares are selling for $12. Jan 5, 2022 Sold the investment in M Company for $26 per share. Sold the investment in B Company for $11 per share. Required: Prepare the appropriate journal entries to record the transactions of A CO