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3. 20 points On February 12, Addison, Inc., purchased 6,000 shares of Lucas Company at $22 per share plus a $240 brokerage fee. This purchase

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3. 20 points On February 12, Addison, Inc., purchased 6,000 shares of Lucas Company at $22 per share plus a $240 brokerage fee. This purchase represents less than20% ownership of Lucas Company classified as Available for Sale securities. On August 22, Lucas paid a dividend per share November 10, 4,000 shares of Lucas stock were sold for $28 per share less a $1 60 brokerage fee. On and will be of $0.42. On December 31 the market price for Lucas Company stock was $30 per share Prepare the journal entries for the original purchase, dividend, sale, and adjustment to fair v Credit Debit Date

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