ACCOUNTING Chapters 10-13 Appendix D The following information applies to the questions displayed below] On August 4, 2014, Cable Corporation purchased 2,600 shares of Satre Company for $98,800. The following information applies to the falr value of Satre Company Per Share 12/31/2014 12/31/2015 12/31/2016 S 50 42 34 Satre Company declares and pays cash dividends of $4 per share on June 1 of each year. Required: 1. Prepare journal entries to record the facts in the case, assuming that Cappio considers the shares to be available-for-sale securities TIP: Net unrealized losses/gains on available-for-sale secunities are reported in stockholders' equity.(f no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 3 Record the purchase of 2,600 shares of Maxwell Company for $98,800. The company considers the shares to be available-for-sale securities