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Equity Investments: Less than 20% ownership On September 12, 3,500 shares of Denver Company's common stock are acquired at a price of $59 per share

image text in transcribed Equity Investments: Less than 20% ownership On September 12, 3,500 shares of Denver Company's common stock are acquired at a price of $59 per share plus a $175 brokerage commission. On October 15 , an $1.30-per-share dividend was received on the Denver Company stock. On November 10, 1,400 shares of the Denver Company stock were sold for $52 per share less a $70 brokerage commission. At the end of the accounting period on December 31 , the fair value of the remaining 2,100 shares of Denver Company's stock was $51 per share. Denver Company has 370,000 shares of common stock outstanding. Journalize the entries for the original purchase, dividend, sale, and change in fair value under the fair value method. If an amount box does not require an entry, leave it

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