H M Gmail Assignment #4 Seved Hel Ellis Transport Company acquired 1.8 million shares of stock in L&K Corporation at $66 per share. They are classified by Ellis as "available for sale." Ellis sold 800,000 shares at $70, received a 10% stock dividend, and then later in the year sold another 300,000 shares at $65. Hint There is no entry for the stock dividend, but a new investment per share must be calculated for use later when the shares are sold. Required: Prepare journal entries to record these transactions. (If no entry is required for a transaction/event, select "No Journal entry required" in the first account field. Enter your answers in millions rounded to 1 decimal place (.e., 5,500,000 should be entered as 5.5).) View transaction list Journal entry worksheet 2 3 Record acquisition of shares in L&K Corporation. Note: Enter debits before credits Event General Journal Debit Credit MacBook Air