FINANCIAL ACCOUNTING II On October $1,2021,$ The Dontfalemy Company made the following investments: O $210,02,100$ shares $(10\%$ of the common stock of ABC Corp. for $$2,100,000.$ o $2\%$ of the preferred stoch of ABD, Inc. for $$3,720,000.74\mathrm{.}400$ O $5,140$ shares $(8\%$ of the common stook of The ABE Co$.$ for $$2,570,000.20576$ o A$30\%$ interest in the ABF Corporation for $$3,360,0001,008,000$ On December $30,2021,$ Dontfalemy acquired $600$ debentures of the ABG Company at their face value, to be held to maturity. As of December $31,2021,$ Dontfalemy made adjusting journal entries for these investments, based on the following information. The market value of the investment in ABC Corp. is $$2,650,000.$ O The market value of the investment in ABD, Inc. is $$3,590,000.$ o The market value of the investment in The ABE Co$.$ is $$2,840,000.$ O The market value of the investment in the ABF Corporation, which had net income for the year of $$2,300,000,$ is $$3,660,000.$ o The market value of the investment in the ABG Company debentures is $$625,000$ O Cash dividend payments received from the investments at December $31,2021$ totaled $$288,000,$ with $$121,000$ of that amount coming from the ABF Corporation. The ABG Company will not make any interest payments until $2022.$ Prepare the journal entries that Donfalemy made for its investments at December $31,2021.ch-12$

VIMP Quesbion

FINANCIAL ACCOUNTING II

$\frac{10}{1}\frac{?}{2021}$

On Gctober $1,2021)$ The Dontfalemy Company made the following investments:

$2,100$ shares $(10\%)$ of the common stock of ABC Corp. for $$2,100,000.$

$2\%$ of the preferred stock of ABD, Inc. for $$3,720,000.$

$5,140$ shares $(8\%)$ of the common stock of The ABE Co$.$ for $$2,570,000.$

A $30\%$ interest in the ABF Corporation for $$3,360,000$

$(\frac{30}{12}\frac{?}{2021}$

On December $30,2021,$ Dontfalemy acquired $600$ debentures of the ABG Company at

their face value, to be held to maturity.

$(31112/2021)$

As of December $31,2021,$ Dontfalemy made adjusting journal entries for these

investments, based on the following information.

The market value of the investment in ABC Corp. is $$2,650,000.$

The market value of the investment in ABD, Inc. is $$3,590,000.$

The market value of the investment in The ABE Co$.$ is $$2,840,000.$

The market value of the investment in the ABF Corporation, which had net

income for the year of $$2,300,000,$ is $$3,660,000.$

The market value of the investment in the ABG Company debentures is

$$625,000.$

Cash dividend payments received from the investments at December $31,2021$

totaled $$288,000,$ with $$121,000$ of that amount coming from the ABF

Corporation. The ABG Company will not make any interest payments until $2022.$

Prepare the journal entries that Donfalemy made for its investments at December $31,$

$2300000\frac{3}{12}30\%$

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