FINANCIAL ACCOUNTING II On January 2, 2019, Reddenblack, Inc. bought 2.000 shares of Green Corp. $4 par, 5% preferred stock for $140,000. On that same day, the compan 10,000 shares (a 25% interest) in Blue Co.'s common stock for $820, $120,000 of Purple Company's common stock (12,000 shares). On van Reddenblack acquired $100.000 of 6% mortgage bonds of the Urany eu 100,000 of 6% mortgage bonds of the Orange Corporation their face value, which it intends to hold until the bonds mature in 2025. The only investments that Reddenblack owns. es of Green Corp.'s convertible hat same day, the company also bought common stock for $820,000, as well as 12,000 shares). On January 3, 2019, the bonds mature in 2025. These are the At December 31, 2019 (1) Purple Company reported earnings of $920.000. paid a cash dividend of $2 per share, and had a market value of $12 per share; () Green Corp. reported earnings of $743,000, paid its preferred dividend in cash to all shareholders, and had a market value of $65 per share; (iii) Orange Corporation reported a net loss from operations of $21,000, paid its annual interest to bondholders in cash, and had a market value of 97; and (iv) Blue Co. reported earnings of $560,000 for the year, paid a cash dividend of $3 per share, and had a market value of $86 per share. Prepare the journal entries for Reddenblack at December 31, 2019, relating to its investments