Hastings College pooled the individual investments of three of its funds on December 31, 2019. The recorded value and the fair market value of the investments on December 31, 2019. are pre- sented here: 00 Fair Value Loan fund Quasi-endowment fund Life income fund Total Recorded Value S121.000 128.000 151.000 $400.000 S105.000 147.000 168,000 $420,000 During 2020, the investment pool earned dividends of S12.000 and interest of S18,000 and distrib- uted cash in these amounts to the respective lunds. Realized gains on transactions of the investment pool amounted to $20,000 and were reinvested in securities held in the pool. Required: Prepare the journal entries that are necessary in the records of each of the funds to account for the carnings of the investment pool during 2020