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an. 14 Purchased 200 shares of Robotic stock, paying $ 52 per share. The investment represents 3 %((that's what the book says)) ownership in Robotic's

an.

14

Purchased

200

shares of

Robotic

stock, paying

$ 52

per share. The investment represents

3 %((that's what the book says))

ownership in

Robotic's

voting stock.

Dollar Bill

does not have significant influence over

Robotic.

Dollar Bill

intends to hold the investment for the indefinite future.

Aug.

22

Received a cash dividend of

$ 0.44

per share on the

Robotic

stock.

Dec.

31

Adjusted the investment to its current market value of

$ 47

per share.

31

Robotic

reported net income of

$350,000

for the year ended

2018.

Classify and prepare a partial balance sheet and income statement for

Dollar Bill

Robotic

investment as of December 31,

2018.

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