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Assessing Financial Statement Effects of Trading and Available-for-Sale Securities Use the financial statement effects template to record the following four transactions involving investments in marketable

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Assessing Financial Statement Effects of Trading and Available-for-Sale Securities Use the financial statement effects template to record the following four transactions involving investments in marketable securities. 1. Purchased 12,000 common shares of Liu, Inc, at $12 cash per share. 2. Recelved a cash dividend of 51.10 per common share from Liu. 3. Year-end market price of Liu common stock is $11.25 per share. 4. Sold all 12,000 common shares of Liu for $133,800. Use negative signs with your answers, when appropriate

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