Els Transport Company acquired 1.3 million shares of stock in L&K Corporation at $88 per share. They are classified by Ellis as "available for sale. Ellis sold 300,000 shares at $90, received a 10% stock dividend, and then later in the year sold another 300,000 shares at $87. Hint. There is no entry for the stock dividend, but a new investment per share must be calculated for use later when the shares are sold 6.66 Dots Required: Prepare journal entries to record these transactions. If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions rounded to 1 decimal place ... 5,500,000 should be entered as 5.51) View transaction list Journal entry worksheet 1 2 3 Record acquisition of shares in L & K Corporation Note: Enter debits before credits Event General Journal Debit Credit Record entry Clear entry View general journal Prepare journal entries to record these transactions. (If no entry is required for a transaction/event, select "No journal ent required" in the first account field. Enter your answers in millions rounded to 1 decimal place (.e., 5,500,000 should be 5.5).) Book View transaction list Journal entry worksheet Print References Record sale of 300,000 shares. Note: Enter debits before credits Event General Journal Credit Record entry Clear entry View general Journal sold Required: Prepare journal entries to record these transactions. (If no entry is required for a transaction/event, select "No journal entry required in the first account field. Enter your answers in millions rounded to 1 decimal place (.e., 5,500,000 should be entered as 5.5).) View transaction list Journal entry worksheet 7