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Duffalo Corperation purchased 390 shares of Sherman lic. common stock for $12,600 (Buffalo does not have sionificant imMluence) During the veas, Sherman paid a cash

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Duffalo Corperation purchased 390 shares of Sherman lic. common stock for $12,600 (Buffalo does not have sionificant imMluence) During the veas, Sherman paid a cash dividend of $300 per share. At vestend, Sherman stock was selling for $34,00 per share. Assume the stock is nonmarketable. Prepare Buttalo's journal entries to record (a) the purchase of the investment, (b) the dividends received, and (o) the fair value are automatically indented when omount is entered. Do not indent manualy. If no entry is required, select "No Entry" for the account fitles and enter O for the anounts]

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