Entries for equity investment of between 20%50% ownership Glacier Products Inc. is a wholesaler of rock climbing gear. The company began operations on Ranuary 1, 20Y3. The following transactions relate to securhjes acquired by Giacier Products Inc. which has a fiscal year ending on December 31, 20r3: 20Yr Jan, 25 Purchased 68,000 shares of Heisi Co, common stock for 5770,000 . There are 170,000 shares of Helsi Co, stock outstanding. Dec. 31 Received $23,000 of cash dividends on Helvi Co. stock. Heisi Co. reported net income of $95,000 in 203. Required: 1. Journalize the entries to record the preceding transactions, If an amount box does not require an entry, leave it blank Equity and Available-for-Sale Investments O'Brien Industries Inc. is a book publisher. The available-for-sale investments at cost and fair value on December 31,20Y4, are as follows: The investment in Jolly Roger Co. stock represents 30% of the outstanding shares of Jolly Roger Co. The following selected transactions occurred during 20Y5: Jan. 2. Purchased $32,400 of Gozar Inc. 5%,10-year bonds at 100 . The bonds are classified as an available-for-sale investment. The bonds pay interest on June 30 and December 31. June 30. Received interest for 6 months on the Gozar Inc. bonds purchased on January 2. Oct. 1. Purchased $27,000 of Nightline Co. 5%,10-year bonds at 100 . The bonds are classified as an available-for-sale investment. The bonds pay interest on October 1 and April 1. 9. Dividends of $7,500 are received on the Jolly Roger Co. investment. Dec. 31. Jolly Roger Co. reported a total net income of $64,000 for 20Y5, which O'Brien Industries Inc, recorded using the equity method. 31. Received interest for 6 months on the Gozar Inc. bonds purchased on January 2. 31. Accrued 3 months of interest on the Nightline bonds. 31. Adjusted the available-for-sale investment portfolio to fair value, using the following fair values: For the year ending December 31, 20r5, OErien Industries tnc. reported net income of $148,000 and psid no dividends: Required: The comparative unclassined balance sheets for December 31,204 and 20Yr are providec below, Selected balances are missing. Determine the massing amounta. Use minui sign to indicate the negative amounts. Do not round interim calculations. Round final answers to nearest dollar