(1) Purchased 6,000 common shares of Liu, Inc., for $12 cash per share. (2) Received a cash dividend of $1.10 per common share from Liu. (3) Year-end market price of Liu common stock is $11.25 per share. (4) Sold all 6,000 common shares of Liu for $66,900. a. Prepare journal entries to record the four transactions. General Journal Ref. Description Debit Credit Investment in Liu 72,000 Cash 72,000 Cash 6,600 Dividend income 6,600 4 Cash 66,900 Loss on sale of investment+ 600 Investment in Liu 67,500