ces Heritage Ltd. was organized on January 2, 2023. The following investment transactions and events occurred during the following months: 2023 Jan. Apr. Dec. 2024 Oct. Dec. 2025 Jan. 6 Heritage paid $588,see (including transaction fees of $50) for 50,500 shares (20%) of Port Inc. outstanding common shares. 30 Port declared and paid a cash dividend of $1.10 per share. 31 Port announced that its profit for 2023 was $530,000. Fair value of the shares was $12.30 per share. 15 Port declared and paid a cash dividend of $0.70 per share. 31 Port announced that its profit for 2024 was $680,000. Fair value of the shares was $12.68 per share. 5 Heritage sold all of its investment in Port for $687,000 cash. Assume that Heritage has a significant influence over Port with its 20% share. Required: 1. Prepare the entries to record the preceding transactions in Heritage's books. View transaction list View journal entry worksheet No Date General Journal 1 Jan 06, 2023 Investment income (Loss) Cash 2 Apr 30, 2023 Cash < Prev 2 of 10 Next Debit Credit 584,500 76,350 58,450 2. Calculate the carrying value per share of Heritage's investment as reflected in the investment account on January 4, 2025 (Round your answer to 2 decimal places.) Carrying value per share 3. Calculate the change in Heritage's equity from January 2, 2023, through January 5, 2025, resulting from its investment in Port Equity increases by