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GL1501 (Algo) - Based on Problem 15-4A LO P4 Edmunds Corporation had no short-term investments prior to this year. It had the following transactions this

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GL1501 (Algo) - Based on Problem 15-4A LO P4 Edmunds Corporation had no short-term investments prior to this year. It had the following transactions this year involving short-term stock investments with insignificant influence. Apri1 16 Purchased 6,000 shares of Mrc conpany stock at $25 per share. July 7 Purchased 4,500 shares of STo company stock at $50 per share. July 28 Purchased 2,000 shares of CMO Company stock at \$17 per share. August 15 Received an $1.40 per share cash dividend on the MYC Company stock. August 28 Seld 3,608 shares of Mrc conpany stock at $28 per share. 0ctober 1 Recelved a $3.00 per share cash dividend on the STo Conpany shares. December 15 Received a $1.76 per share cash dividend on the renaining Myc Conpany shares. December 31 Received a 52.40 per share cash dividend on the STo Conpany shares. For each transaction, indicate the change, if any, in total assets and total equity. If equity changes, indicate whether the change was reflected as a component of net income, or directly within the stockholders' equity portion of the balance sheet. Remember that the change in total assets must agree with the change in total equity

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