Assessing Financial Statement Effects Investments

On January $1,$ Ball Corporation purchased shares of Leftwich Company common stock.

$(1)$ Ball purchased $10,000$ common shares of Leftwich at $$12$ Cash per share.

$(2)$ Leftwich reported annual net income of $$70,000.$

$(3)$ Ball recelved a cash dividend of $$1\mathrm{.}20$ per common share from Leftwich.

$(4)$ Year$-$end markes price of Leftwich common stock is $$19$ per share.

Use negative signs with answers, when appropriate.

$\backslash$table$[[$Transaction$,$Ealance Sheet$],[$Noncash$,$Contributed,$\backslash$table$[[$Earned$],[$Capital$]]],[$Cash Asset $+,$Assets,$=$ Liabilities $+,$Capital$],[(1),,,,,],[(2),,,,,],[(3),,,,2,],[(4),,,,,]]$

$\backslash$table$[[$Income Statement$],[$Revenue $-$ Expenses $=$ Income,$],[,]]$

$(1)$ Ball purchased $10,000$ common shares of Leftwich at $$12$ cash per share.

$(2)$ Leftwich reported annual net income of $$70,000.$

$(3)$ Ball received a cash dividend of $$1\mathrm{.}20$ per common share from Leftwich.

$(4)$ Year$-$end market price of Leftwich common stock is $$19$ per share.

Use negative signs with answers, when appropriate.

$\backslash$table$[[$Transaction$,$Balance Sheet$],[$Noncash$,$Contributed,$\backslash$table$[[$Earned$],[$Capital$]]],[$Cash Asset,$+,$Assets,$-$ Llabilities $+,],[(1)],[(1)],[(2)],[(4),,,,,,]]$

$\backslash$table$[[$Income Statement$],[$Revenue $-$ Expenses $=$ Income$],[],[]]$