Acme Company provided you with the following information about its investment in Bailey Company shares purchased May 1, 2020, and accounted for using the FV-OCI method Cost $ 29,500 2020 2021 2022 Fair value, December 31 $ 30,500 $23,500 $ 27,000 Required: a) Prepare the adjusting journal entries needed by Acme on December 31, 2020, 2021, and 2022. b) Assume that Bailey Company issued dividends to Acme in 2020 of $1,500. Record the accounting entry for Acme. c) Determine the balance in the accumulated other comprehensive income on the statement of financial position on each of December 31, 2020, 2021, and 2022 for Acme. d) Assume Acme sold its investment in Bailey on February 13, 2023, for $ 28,100. Prepare the journal entry (ies) needed by Acme on this date if the FV- OCI method did not require recycling. e) Is the accounting journal entries that you recorded in requirements (a) to (d) correct if Acme is in the business of actively trading shares that they purchase, and Bailey Company shares are actively traded? Explain briefly