4. On September 1, 2022, XYZ company purchased common stock from 3 companies all representing less than 20% of the voting stock outstanding Maddow Inc Smith Inc Rudolph Inc Cost $55,000 S120.000 $78,000 S253,000 Prepare a journal entry to record the purchase of the equity Trading securities b) On December 30, 2022, a cash dividend of $2,000 was received. Prepare the journal entry to record this transaction. c) At December 31, 2022, XYZ company's stock portfolio hnd the following values. Maddow Inc. Smith Inc. Rudolph Inc Cost SS5.000 S120,000 $78,000 S253,000 Fair Value $68,600 SI28,200 $65.500 S262,300 Prepare the journal entry to adjust XYZ company's stock investments to fair value. d) On March 20.2023. all shares of the Smith Inc. stock was sold for $127,500. Prepare the necessary journal entry e) At December 31, 2023, assume the following fair values of the remaining stocks, Maddow Inc. Rudolph Ine. Cost S55,000 $78,000 $133.000 Fair Value $40,200 $69.500 $109,700 Assume the Adjustment account has a beginning Debit balance of $9,300. Prepare a journal entry to the equity security Trading investments to fair value