C Questions 8-9 (of 9) Problem 15-5A Accounting for long-term investments in securities; with and without significant influence Lo P3, P4 IThe following information applies to the questions displayed belowl Selk Steel C which began operations on January 4. 2013, had the following subsequent transactions and events in its long-term investments. 2013 Jan. 5 selk purchased 6000o shores (20%oftotal of Kildare's common stock for $1560000 Oct.23 Kildalre declared and pald a cash drvidend of $320 per share. Dec. 31 Kildalres net income for 2013 s st 0, and the fair value of its stock at December 31 ls $3000 per share. 2014 oct 15 Kidaire declared and pald a cash dividend ofs2 60 per share. Dec. 31 Kuldalre's net income for 2014 is $1.476.000, and the fair value of ts stock at December 31 Is $32 00 per share. Jan. 2 Selk sold all of its investment in Kildalre for $1,894.000 cash References Section Break Problem 15 SA Accounting for long-term investments in securities, with and without significant influence LO P3, P4 111 points