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 6,000 common shares of Liu, Inc., at $12 cash per share.
2. Received a cash dividend of $1.10 per common share from Liu.
3. Year-end market price of Liu common stock is $11.25 per share.
4. Sold all 6,000 common shares of Liu for $66,300.

Use negative signs with answers, when appropriate.

\begin{tabular}{|l|c|} \hline \multicolumn{3}{c|}{ Income Statement } \\ \hline Revenue - Expenses = Income \\ \hline & \\ \hline & \\ \hline & \\ \hline \end{tabular}