CHECK FIGURE: Dec. 31, 2021: Loss = $7,840 The following events are for King Investment Inc.: 2020 Feb. 25 Purchased 187,600 shares of Jack Inc. common shares for $175,900. Jack has 938,000 common shares outstanding and has acknowledged the fact that its policies will be significantly influenced by King. 1 Jack declared and paid a cash dividend of $0.45 per share. 31 Jack announced that profit for the year amounted to $669,000. Oct. Dec. 2021 April Dec. 1 Jack declared and paid a cash dividend of $0.46 per share. 31 Jack announced that profit for the year amounted to $752,100. 31 King sold 79,000 shares of Jack for $113,820. Required Prepare general journal entries to record each transaction. Round per share calculations to two decimal places