1) Gztepe 35 invested $15,000 to acquire 3,750 shares of Altnordu on March 15, 2016. This investment represents less than 20% of the investee's voting stock. On May 7, 2016, Gztepe 35 sells 1,750 shares for $12,250. Make the journal entry for transaction on May 7, 2020.

2) Buca A. owns 30% of voting stock of irinyer A. During the year 2020, irinyer A earned profits of $250,000. Under the equity method, make journal entries for Buca A.

3) From its inception through the year of 2019, DKKAN A. was profitable and made strong dividend payments each year. In the year 2020, DKKAN had major losses and paid no dividends. In 2021, the company started making large profits again, and they were able to pay dividends to all shareholdersboth common and preferred. There are 1,500 shares of cumulative, 7% preferred stock outstanding. The preferred stock has a par value of $100. What is the total amount of dividends that should be paid to the preferred shareholders in December, 2021?

4). On January 1, 2020, Covid-19 Inc. issued $15,000 in bonds for $14,700. They were 6-year bonds with a stated rate of 9%, and pay semiannual interest. Covid-19 Inc. uses the straight-line method to amortize the Bond Discount. Immediately after issue of the bonds, the ledger balances appeared as follows:

Bond Payable = Debit 15.000

Discount on Bond Payable = Credit 300

After the first interest payment on June 30, 2020, what will be the balance in the Discount Account?