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6. In their first year of business, Rocky invested in the stock of two other companies. 1,000 shares of IBM stock were purchased on October

6. In their first year of business, Rocky invested in the stock of two other companies.

1,000 shares of IBM stock were purchased on October 1 at $45 per share and the investment was classified as available for sale.

30,000 shares of XYZs 100,000 total shares of no-par stock were purchased on January 3, 20X7 at $10/share. Rocky has significant influence over XYZ.

I need J.E please

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