Billers Corporation purchased 200 shares of Cola Inc. common stock as an investment for $8,500. During the year, Cola Inc. paid a cash dividend of $2.00 per share. Prepare Billers journal entries to record

1. the purchase of the investment

2. the dividends received

3. the fair value adjustment at the 1st year, assume Cola Inc., stock was selling for $30.00 per share.

4. the fair value adjustment at the 2nd year, assume Cola Inc., stock was selling for $33.00 per share.