Below are selected T-accounts related to equity investments for William Company.

Investments
Debit		Credit
1/1 Balance	83,630
Purchase	12,856
Share of affiliates earnings	?	10,102	Share of affiliates dividends
12/31 balance	89,400

Equity in Investee Earnings
Debit		Credit
		0	1/1 Balance
		?	Share of affiliates earnings
		3,016	12/31 Balance

Required:

a. Prepare the journal entry for the purchase of additional investments in affiliated companies for cash.

b. Prepare the journal entry for the declaration of cash dividends on the investments.

c. At year-end, the investments account had a fair value of $62,500; the affiliates also reported $5,950 in net income for the year. Prepare the year-end journal entry.

d. What would be reported on the balance sheet related to the investments in affiliates on December 31?

e. What would be reported on the income statement for the year?

Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field.