1) Kecioren 06 invested $15,000 to acquire 3,750 shares of Malatya on March 15, 2016. This investment represents less than 20% of the investee's voting stock. On May 7, 2016, Kecioren sells 1,750 shares for $12,250. Make the journal entry for transaction on May 7, 2020.

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

3) From its inception through the year of 2019, TUPRAN AS. was profitable and made strong dividend payments each year. In the year 2020, TUPRAN 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?