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point i tre-reye is not contained entin uran * Square lc) Fair Value and Equity Methods Nadal Corporation purchased 9,000 common shares of Beck Inc., on January 1, 2018, for $91,000. During 2018, Beck declared and paid cash dividends to Nadal in the amount of $5,500. Nadal's share of Beck's net income for 2018 was $5,500. At December 31, 2018, the fair value of the 10,000 shares was $98,000. This is Nadal's only investment Required: 1. Assume that Beck has 67,500 common shares optstanding, What journal entries will Nadal make during 2018 relative to this investment 2018, Jan. 1 Investments-Beck Inc. . 9.000 9,000 X (Record purchase of Beck shares)