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Heritage Ltd. was organized on January 2, 2023. The following investment transactions and events occurred during the following months: 2923 3an. 6. Heritage paid $576,540

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Heritage Ltd. was organized on January 2, 2023. The following investment transactions and events occurred during the following months: 2923 3an. 6. Heritage paid $576,540 (including transaction fees of \$59) for 50,100 shares (20x) of Port Inc. outstanding coenon shares. Apr: 30 Port declared and paid a cash dividend of $1.20 per share. Dec. 31 Port announced that its profit for 2023 was $490,009. Fair value of the shares was $11,90 par share. 2624 Oct. 15 Port declared and paid a cash dividend of 90,80 per share. . Dec. 31 Port anneunced that its profit for 2024 was $640,000. Fair value of the sharus was $12.28 per share. 2025 Jah. 5 Heritage sold all of its investment in Port for $683,000 cash. Assume that Heritage has a significant influence over Port with its 20% share. Required: 1. Prepare the entries to record the preceding transactions in Heritage's books. 2. Calculate the carrying value per share of Heritage's investment as reflected in the investment account on January 4,2025, (Round your answer to 2 decimal places.) 3. Calculate the change in Heritage's equity from January 2, 2023, through January 5, 2025, resulting from its investment in Port

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