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Question: 4 (20 Marks) The following events are for King Investment Inc.: 2020 Feb.25 Purchased 187,600 shares of Jack Inc. common shares for $175,900. Jack has 938,000 common shares outstanding and has acknowledged the fact that its policies will be significantly influenced by King. Oct. 1 Jack declared and paid a cash dividend of $0.45 per share. Dec.31 Jack announced that profit for the year amounted to $669,000. 2021 April 1 Jack declared and paid a cash dividend of $0.46 per share. Dec.31 Jack announced that profit for the year amounted to $752, 100. 31 King sold 79,000 shares of Jack for $113,820. Required: Prepare general journal entries to record each transaction. (Round per share calculations to 2 decimal places. Round your final answers to the nearest dollar.)