9-28 Assessing Financial Statements Effects of Marketable Equity Securities Use the financial statement effects template to record the following four transactions involving investments in marketable securities. Assume that these transactions occur in 2018.

Abney purchases 20,000 common shares of Heller Co. at $16 per share.

Abney recieves a cash dividend of $1.25 per common share from Heller.

Year end market price of Heller common stock is 17.50 per share

Abney sells all 20,000 common shares of heller for 315,600 each