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The following events are for King Investment Inc; 2020 Feb. 25 Purchased 193,220 shares of Jack Inc. common shares for $175,900. Jack has 966,100 common shares outstanding and has acknowledged the fact that its policies will be significantly influenced by King. Oct. 1 Jack declared and paid a cash dividend of $0.55 per share. Dec. 31 Jack announced that profit for the year amounted to $669,000. 2021 April 1 Jack declared and paid a cash dividend of $0.40 per share. Dec. 31 Jack announced that profit for the year amounted to $744,580. 31 King sold 61,370 shares of Jack for $109,190. Required: Prepare generaljournal entries to record each transaction. {Round per share calculations to 2 decimal places. Round your final answers to the nearest dollar.) View transaction list Journal entry worksheet Record the purchase of investment. Note: Enter debits before credils. Feb 25, 2020