Kildaire's net income for the year is $1,126,000, and the fair value of its stock at December 31 is $46 per share. Note: Enter debits before credits. Selk Steel Company, which began operations in Year 1, had the following transactions and events in its long-term investments. Year 1 January 5 selk purchased 40 ,eee shares (20\% of total) of Kildaire's common stock for $1,650,e0. October 23 Kildaire declared and paid a cash dividend of $2.48 per share. December 31 Kildaire's net incone for the year is $1,126,000, and the fair value of its stock at December 31 is $46 per share. Year 2 October 15 Kildaire declared and paid a cash dividend of $3.30 per share. December 31 Kildaire's net income for the year is $1,185,000, and the fair value of its stock at Decenber 31 is $48 per share. Year 3 January 2 Selk sold 4: (equal to 1,600 shares) of its investment in Kildaire for $8,0 cash. Kildaire declared and paid a cash dividend of $2.40 per share. Note: Enter debits before credits. Selk sold 4% (equal to 1,600 shares) of its investment in Kildaire for $80,000 cash. Note: Enter debits before credits. Kildaire's net income for the year is $1,185,000, and the fair value of its stock at December 31 is $48 per share. Note: Enter debits before credits. Kildaire declared and paid a cash dividend of $3.30 per share. Note: Enter debits before credits. Selk purchased 40,000 shares ( 20% of total) of Kildaire's common stock for $1,600,000. Note: Enter debits before credits