D Question 1 5 pts THE FOLLOWING INVESTMENT INFORMATION IS PROVIDED FOR SMITH CORP: PER SHARE UNITS PURCHASED ON 11/15/2017 163,200 OWNERSHIP PERCENTAGE IN INVESTEE 17.00% PURCHASE PRICE 204,000 1.25 INVESTEE NET INCOME 172,800 0.18 FAIR VALUE/SHARE AT DEC 31ST, 2017 (ACCOUNTING YEAR END) ? SOLD AT 01/15/2018: FAIR VALUE/SHARE 1.82 SMITH HAS ACCOUNTED FOR THE INVESTMENT AS A TRADING SECURITY THE FOLLOWING J/E WAS RECORDED AT THE TIME OF SALE: CASH 297,024 UNREALIZED GAIN P&L 70,176 TRADING SECURITY 274,176 REALIZED GAIN P&L 93,024 REQUIRED: WHAT WAS THE FAIR VALUE/SHARE OF THE INVESTMENT AT 12/31/2017? (5 POINTS) (PLEASE DON'T ROUND) Question 2 5 pts THE FOLLOWING INVESTMENT INFORMATION IS PROVIDED FOR JAMES CORP: PER SHARE UNITS PURCHASED ON 11/15/2017 OWNERSHIP PERCENTAGE IN INVESTEE PURCHASE PRICE INVESTEE NET INCOME DIVIDENDS/SHARE (1 TIME DIVIDEND) SOLD AT 01/15/2018: FMV/SHARE 158,400 18.00% 396,000 237,600 2.50 0.27 JAMES HAS ACCOUNTED FOR THE INVESTMENT UNDER THE EQUITY METHOD. THE FOLLOWING J/E WAS RECORDED AT THE TIME OF SALE: 498,960 CASH INVESTMENT GAIN ON SALE P&L 419,760 79,200 REQUIRED: WHAT WERE DIVIDENDS/SHARE? (5 POINTS) (PLEASE DON'T ROUND) D Question 1 5 pts THE FOLLOWING INVESTMENT INFORMATION IS PROVIDED FOR SMITH CORP: PER SHARE UNITS PURCHASED ON 11/15/2017 163,200 OWNERSHIP PERCENTAGE IN INVESTEE 17.00% PURCHASE PRICE 204,000 1.25 INVESTEE NET INCOME 172,800 0.18 FAIR VALUE/SHARE AT DEC 31ST, 2017 (ACCOUNTING YEAR END) ? SOLD AT 01/15/2018: FAIR VALUE/SHARE 1.82 SMITH HAS ACCOUNTED FOR THE INVESTMENT AS A TRADING SECURITY THE FOLLOWING J/E WAS RECORDED AT THE TIME OF SALE: CASH 297,024 UNREALIZED GAIN P&L 70,176 TRADING SECURITY 274,176 REALIZED GAIN P&L 93,024 REQUIRED: WHAT WAS THE FAIR VALUE/SHARE OF THE INVESTMENT AT 12/31/2017? (5 POINTS) (PLEASE DON'T ROUND) Question 2 5 pts THE FOLLOWING INVESTMENT INFORMATION IS PROVIDED FOR JAMES CORP: PER SHARE UNITS PURCHASED ON 11/15/2017 OWNERSHIP PERCENTAGE IN INVESTEE PURCHASE PRICE INVESTEE NET INCOME DIVIDENDS/SHARE (1 TIME DIVIDEND) SOLD AT 01/15/2018: FMV/SHARE 158,400 18.00% 396,000 237,600 2.50 0.27 JAMES HAS ACCOUNTED FOR THE INVESTMENT UNDER THE EQUITY METHOD. THE FOLLOWING J/E WAS RECORDED AT THE TIME OF SALE: 498,960 CASH INVESTMENT GAIN ON SALE P&L 419,760 79,200 REQUIRED: WHAT WERE DIVIDENDS/SHARE? (5 POINTS) (PLEASE DON'T ROUND)