Help Save & Required information The following information applies to the questions displayed below.) On July 12, 2018, Rossow Corporation purchased 1.200 shares of Reimer Company for $14,400. The following information applies to the fair value of Reimer Company Per Share 12/31/2018 12/31/2019 12/31/2020 $19 Reimer Company declares and pays cash dividends of $3 per share on May 1 of each year. Required: 1. Prepare journal entries to record the facts in the case, assuming Rossow owns less than 10 percent of Reimer's stock. If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) View transaction list Record the purchase of 1,200 shares of Reimer Company for $14,400. The company reports the purchase as marketable equity securities 2 Record the valuation adjustment, if required, assuming the fair value of Reimer Company's stock on December 31, 2018 is $19 per share. 3 Record the receipt of cash dividends on May 1, 2019 of $3 per share. bit Credit 4 Record the valuation adjustment, if required, assuming the fair value of Reimer Company's stock on December 31, 2019 is $14 per share. Note: = journal entry has been entered