7. Prepare the journal entries for the following transactions. (18 points) a. On February 12, 6,000 shares of Lucas Company are acquired at a price of $24 per share. The company will use the cost method to account for its investment in Lucas Company, b. On April 22, a $.42 per-share cash dividend was received on the Lucas Company stock. c. On May 10, 4,000 shares of Lucas stock were sold for $22 per share. Page 7 / 7 Q 1 +