Heritage Ltd was organized on January 2, 2023. The following investment transactions and events occurred during the following months 2023 Apr. Dec. 2024 Oct. Dec. 2025 Heritage paid $578,500 (including transaction fees of $50) for 50,300 shares (30) of Port Inc. outstanding common shares. 30 Port declared and paid cash dividend of $1.00 per share. 31 Port announced that its profit for 2023 was $510,000. Fair value of the shares 15 Purt declared and paid a cash dividend of $1.00 per share. 31 Port announced that its profit for 2024 was $660,000. Fair value of the shar 5 Heritage sold all of its investment in Port for $685,000 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 View transaction list $12.10 per share. Journal entry worksheet 1 Record the purchase in strategic investment. Note: Enter debits before credits. Date Jan 06, 2023 General Journal Debit Credit Record entry Clear entry View general journal 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.) Carrying value per share 3. Calculate the change in Heritage's equity from January 2, 2023, through January 5, 2025, resulting from its investment in Port Equity