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 $1.20 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. Balance Sheet Income Statement Noncash Contributed Earned Net Transaction Cash Asset Assets Liabilities Capital Capital Revenue Expenses Income (1) 2 0 0 0 0 0 0 0 0 (2) 0 0 0 0 0 0 0 0 > (3) 0 0 0 0 0 0 0 0 (4) 0 0 0 0 0 0 0 0