8 it Midland Company's investment activities from 2020 to 2021 are recorded below. Its year-end is December 31. Midland Company reports its investments according to ASPE 1) On January 21, 2020, Midland Company purchased 390 common shares of Marksmen Holding on the Toronto Stock Exchange at $16.82 per share. This represents a very small bercentage of outstanding shares in the company, and Midland Company plans to keep these for more than one year. 2) On August 30, 2020, Midland Company received dividends from Marksmen Holding of $.96 per share. 3) On December 31, 2020, the trading price of Marksmen Holding went up to $18.26 per share. 4) On January 28, 2021, Midland Company sold all Marksmen Holding shares at $19.13 per share. Required Record journal entries for Midland Company's investment activities. Do not enter dollar signs or commas in the input boxes. For transactions that have 2 debits or 2 credits. enter the accounts in alphabetical order. Round all answers to 2 decimal places. Date Account Title and Explanation Debit Credit Jan 21 Investment in Company Shares 6559.8 Cash 6559.8 To record acquisition of common shares Aug 30 Cash Dividend Revenue To record dividend received 374,4 Dec 31 Valuation Allowance for Fair Value Adjustment Unrealized Gain on Fair Value Adjustment 0 To record fair value adjustment to shares Jan 28 Cash 0 7460.7 Gain on Sale of Investment Investment in Company Shares Valuation Allowance for Fair Value Adjustment To record sale of common shares 374.4 6559.8