CleanTech Industries recorded the following investment-related transactions during the year ending December 31, 20X1:

• On January 1, purchased 6,000 shares of common stock in another company for $180,000 as a long-term investment.
• On July 1, received a cash dividend of $3 per share from the investee company.
• By December 31, the fair value of the investment increased to $200,000.

Required:

• Prepare the journal entries for the investment and related transactions during the year.
• Calculate the unrealized gain or loss on the investment as of December 31, 20X1.
• Prepare the balance sheet extract showing the investment at fair value.
• Discuss the impact of the investment’s fair value changes on the company’s financial performance and position.