Jenek Corporation had the following transactions pertaining to debt investments. 1. 2. Purchased 40 9%, $1,000 Leeds Co. bonds for $40,000 cash. Interest is payable annually on January 1, 2020. Accrued interest on Leeds Co. bonds on December 31, 2020. Received interest on Leeds Co. bonds on January 1, 2021. Sold 30 Leeds Co. bonds for $33,000 on January 1, 2021. 3. 4. The following are two independent situations 1. Gambino Cosmetics acquired 10% of the 200,000 shares of common stock of Nevins Fashion at a total cost of $13 per share on March 18, 2020. On June 30, Nevins declared and paid a $60,000 dividend. On December 31, Nevins reported net income of $122,000 for the year. At December 31, the market price of Nevins Fashion was $15 per share. Kanza, Inc., obtained significant influence over Rogan Corporation by buying 40% of Rogan's 30,000 outstanding shares of common stock at a total cost of $9 per share on January 1, 2020. On June 15, Rogan declared and paid a cash dividend of $30,000. On December 31, Rogan reported a net income of $80,000 for the year. 2