(a) Assume that the stock acquired by Ball repretents 15W of Leftwich's voting stock and that Bali has no infuence corer Leftwich's business decisions. Use the financial staternent effects remplate to remed the fobowing trantsettions (1) Dal purchssed 5,000 cornmon shares of teftwich at $15 cash per share. Q) Lettwich reported annual net income of 340,000 . 9) Bal neceived a cash dividend of $1.10 per cominon share framt Leftwich. Use negarve sinos wah answers when approprute. (b) Assume that the stock acquired by Bal represents 30s of Leftwichs voting stock and that tall accounts for this imestment ising the equity method since it is able to exert significant influence. Use the financial statement effects template to record the following transactions: 1) Ball purchased 5,000 common shares of Lefwich at $15 cath per share. c) teftwich reported annual net income of $40,000. (i) Bail receved a cash dividend of 51,10 per comman share from teftwich Uie negative agro weth your answers, when approprate: HW: Menriale 0 (b) Assume that the stock acquired by Uall represents 30w of Leftwichs voting stock and that ball accounts for this investment using the equity method since it is able to exert Iznificant infuence Use the financial statement effects template to record the following transactions: (1) Bat purchated 5,000 common shares of Leftwich at 315 cash per share. 2) Leftwch reported annual net ancome of 340,000. (d) Vear-end marke price of Lefiwich common stock is $19 per share