BE16.1 (LO 1) Ownbey Corporation purchased debt investments for $52.000 on January July 1, 2020, Ownbey received cash interest of $2,340. Journalize the purchase and the est. Assume that no interest has been accrued. receipt of inter- BE16.2 (Lo 2) On August 1. Shaw Company buys 1,000 shares of Estrada common sthe urchase cash. On December 1, Shaw sells the stock investments for $40,000 sale of the common stock. stock for $37,000 and in cash. Journalize the purchase BE163 (LO 2) Noler Company owns 25% of income of $180,000 and declares and pays a $50,000 cash dividend. Re income and the receipt of dividends from Lauer Lauer Company. For the current year, Lauer reports net cord Noler's equity in Lauer's ne BE16.4 (LO 3) The cost of the trading debt securities of Munoz Company at December 31. 2020, is $64,000. At December 31, 2020, the fair value of the securities is $59,000. Prepare the adjusting entry to record the securities at fair value. BE16.5 (LO 3) Financial Statement For the data presented in BE164, show the financial statement presentation of the trading securities and related accounts. BE16.6 (LO 3) In its first year of operations, Godfrey Corporation purchased, as a long-term investment, available-for-sale debt securities costing $72,000. At December 31, 2020, the fair value of the securities is $68,000. Prepare the adjusting entry to record the securities at fair value. BE16.7 (LO 3) Financial Statement For the data presented in BE16.6, show the financial statement presentation of the securities and related accounts. Assume the securities are noncurrent. BEI 6.8 (LO 3) M Kruger Corporation has the following long-term investments. (1) Common stock of Eidman Co. (10% ownership), cost S 108,000, fair value $115,000 (2) Common stock of Pickerill Inc. (30% ownership, cost S210.000, equity $260.000, (3) Debt investment, cost $90,000, fair value $150,000. Prepare the investments section of the balance sheet. )Christina Corporation purchased 400 shares of Nolan Inc. common stock for $13,200 BE16.9 (LO 2, 3 (Christina does not have significant influence). During the year, Nolan paid a cash dividend of $3.25 per share. At year-end, Nolan stock was selling for $34.50 per share. Prepare Christina's journal entries to