can you please explain how each journal entry was calculated.

10 20 On July I, 2019, the JEM Corporation acquired the following investments: 2,000 shares of Rawn, Inc. common stock for $60,000 12,000 shares f Yvely Corp. common stock for $336,000 luras of Lynn Company for $1 1,200 5% deb 4,200 shares of Smith Co. preferred stock for $100,800 At December 31, 2019, Rawn's common stock was selling for $25 per share, while Smith's preferred stock was quoted at $32 per share. JEM's year-end investment in Lively, which represented 20% of Lively's outstanding common shares, was worth $300,000. Livel 's et loss fiT019 was $240,000. The Lynn debentures had declined In value to $1,120. 00. JEM planned to hold the debentures until they matured; the debentures were originally dated July I st, and they pay interest annually on June 30th. JEM has no immediate plans to dispose of either the Rawn or Smith securities. What journal entries would JEM make with regard to these investments on December 31 , 2019? On July I, 2020, JEM sold Lively's common stock for $340,000 and the Lynn debentures for $1,000,000. At the time of the sale, Lively's earnings for the year were at the break- even point. At December 31, 2020, Rawn's common stock had a market value of $18 per share, and the Smith investment was worth $109,200. What joumal entries would JEM make for these investments during the period July I December 31, 2020? DATE PREPARED BY APPROVED BY 00 coo 00 /ooc 22 23 24 26 30