Heisanborg Company purchased 35,000 shares of cormmon stock of Pollos Hormanos Corporation for $900,000 on Jan 1. During the year, the following happened: On July 31 st Pollos Hermanos Corporation declared and paid a total cesh dividend of $100,000. On Doc 31, Pollos Hermanos Corporation reported Net income of $300,000. On Dec 31, the shares of Pollos Hermanos are trading at $34 per share. (a) Assuming that the 35,000 shares represent a 15% interest in Pollos Hermanos Corporation. Account for the purchase of the securities in the asset account Marketable securities: 1. Prepare the journal entry to record the investment in Pollos Hermanos stock. Jan1 st a1 Marketable securities a1 2. Prepare any entries that Heisenberg Company should make in accounting for its investment in Pollos Hermanos stoc during the year. July 31st: c 31 st: 2. Prepare any entrios that Heisenberg Company should make in accounting for its investmant in Pollos Hermanos stock during the year. July 37st: as a2 Dec31st: a3 a3 What is the ending balance in the asset Marketable Securities reported in the Dec 31 balance sheet? *Include the amount in the Fair Value Adjustment - Marketable Securities valuation account if appropriate: 24 (b) Assuming that the 35,000 shares represent 24\% interest in Pollos Hermanos Corporation and that Heisenberg can influence Pollos Hermanos: 1. Prepare the journal entry to record the investment in Pollos Hermanos stock using the asset account Pollos Hermanos (b) Assuming that the 35.000 shares represent 24% interest in Pollos Hermanon Corporation and that Heiseribarg can inffuence Pollos Hermanos: 1. Prepare the journal entry to record the investment in Pollos Hermanos stock uning the asset sccount Pollos Hormanos. Jan ist b1 Pollos Hermanos b1 2. Prepare any entries that Heisenberg Company should make in accounting for its investment in Pollos Hermanos stock during the year. July 31st b2 ec.31st "instiruetions: od, followed by the dollar amount ereditsed. When responding, use only account names that corne from the following list of nnowas... during the year. 3. What is the ending balance in the asset Pollos Hermanos in the Dec 31 balance sheet? b3 *Instructions: For each answer type the name of the account that is debited first, followed by the dollar amount debited ( numbers with no separators or dollar symbols: fifteen hundred dollars =1500 ). Then in the first indented