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. Assume that these transactions occur in 2018.

Purchased 6,000 common shares of Liu, Inc., at $12 cash per share.

Received a cash dividend of $1.20 per common share from Liu.

Year-end market price of Liu common stock is $11.25 per share.

Sold all 6,000 common shares of Liu for $66,300.

Use negative signs with answers, when appropriate.

	Balance Sheet
Transaction	Cash Asset	+	Noncash Assets	=	Liabilities	+	Contributed Capital	+	Earned Capital
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Income Statement
Revenue	-	Expenses	=	Net Income
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