y Method Securities Required information Problem 15-4A Accounting for long-term investments in securities; with and without significant influence LO P3, P4 The following information applies to the questions displayed below. Selk Steel Co. which began operations on January 4. 2017. had the following subsequent transactions and events in its long-term investments. 2017 Jan. 5 Selk purchased 80,000 shares (30% of total) of Kildaire's common stock for S1 , 200,000. Oct. 23 Kildaire declared and paid a cash dividend of $4.88 per share. Dec. 31 Kildaire's net income for 2017 is $1,324,e00, and the fair value of its stock at December 31 is $22.00 per share. 2018 Oct. 15 Kildaire declared and paid a cash dividend of $3.7e per share. Dec. 31 Kildaire's net income for 2818 is $1,636,000, and the fair value of its stock at Decenber 31 is s25.00 per share. 2019 Dan, 2 Selk sold all of its investrent in Kildaire for $1,588,000 cash. Problem 15-4A Part 2 Part 2 Assume that although Selk owns 30% of Kildare's outstanding stock. circumstances indicate that it does not have a significant