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Answer every parts and write it clearly and correctlythanks On 30 June 20x2, King Ltd. purchased 13,000 shares of Prince Inc. for $41,600 plus $1,300

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On 30 June 20x2, King Ltd. purchased 13,000 shares of Prince Inc. for $41,600 plus $1,300 in commission. In 20x2, the company received a $650 of dividends, and the shares had a fair value of $46,800 at the end of the year. In 20x3, there were no dividends and the shares were sold for $54,600 less a $520 commission Required: 1. Prepare Journal entries for 20x2 and 20x3: (if no entry is required for a transaction/event, select "No journal entry required" in the first account field.) a. Assuming King reports under ASPE and has chosen the cost method. View transaction list Journal entry worksheet 1 2 3 > Record the investment made in Prince Inc. Note: Enter debits before credits General Journal Debit Credit Transaction 20X2 Journal entry worksheet 1 2 3 Record the dividend income. Note: Enter debits before credits. Transaction General Journal Debit Credit 20X2 Record entry Clear entry View general journal Journal entry worksheet Record the Purchase of Investment. Note: Enter debits before credits. General Journal Transaction 20X2 Debit Credit Record entry Clear entry View general journal Journal entry worksheet

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