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8. On January 3, 2017, Nancy Corporation purchased the following equity securities as an investment: Ihese securities are classined as avanavie-tor-saie. Required: a. Prepare the

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8. On January 3, 2017, Nancy Corporation purchased the following equity securities as an investment: Ihese securities are classined as avanavie-tor-saie. Required: a. Prepare the journal entry to record the acquisition of the stock. b. On June 30,2017 , C Company paid dividends of $3.00 per share. Prepare the journal entry that would be used by Nancy to record the dividend receipt. c. On December 31, 2017, the market values per share were: P. Prepare any journal entry or entries necessary to record these changes in market value. On March 14,2017, Nancy sold 800 shares of C Company for $18 per share. Prepare the journal entry to record the sale

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