1. The following transactions were completed by PT Bina Laksana during the fiscal year ended December 31, 2020: Issued 8,000 6% preferred shares with par value of Rp120,000 and received cash of Rp 130,000 Issued 14,500 common shares with par value of Rp30,000 and received cash of Rp48,000. b c. C Announced the distribution of quarterly dividends of Rp650 per share on common stock and Rp1,800 per share on preferred stock. At the record date, there were 120,000 common shares outstanding, no treasury shares were held, and there were 22,500 preferred shares outstanding h d. Paying cash dividends stated in (c). Purchased 12,000 shares from PT Naga for Rp31,000 per share, plus brokerage commission of e. Rp240,000. Investments are classified as available-for-sale investments. Purchased 9,500 treasury common shares at Rp52,000 per share. Purchased 340,000 shares of PT Cahaya directly from the founder for IDR 21,000 per share. 9. PT Cahaya has 1,000,000 issued and outstanding shares, PT Bina Laksana treats investments as equity method investments. Announced a 2% stock dividend on common stock and Rp1,800 cash dividend per share on preferred stock. On the announcement date the market value of the common stock is Rp55,000 per share. At the record date, 120,000 ordinary shares were issued, 9,500 treasury ordinary shares were held, and 22.500 ordinary shares were issued.. Issuing share certificates for share dividends declared in (h) and paying cash dividends to preferred shareholders. Received a dividend of Rp272,000,000 from PT Cahaya's investment in (g). k Sold 3,800 treasury common shares purchased at () at Rp59,500 per share. 1. Received a dividend of Rp1,450 per share from the investment in PT Naga in (e). m. Sold 2,000 shares of PT Naga for Rp32,800, including commission PT Cahaya recorded a total revenue of IDR 478,000,000. PT Bina Laksana recorded equity gain for PT Cahaya's share of net profit. The fair value for shares of PT Naga is Rp28,500 per share as of December 31, 2020. This o investment is adjusted to fair value, using an allowance account. Assume the Allowance for Available-for-Sale Investments has an opening balance of zero. n. Requested: Prepare journal entries to record the above transactions