Kitten's Kite Emporium has decided to invest some excess cash by purchasing 650 common shares of Cloudy Skies Company on April 18, 2016 for $26 per share. The market price of the shares of Cloudy skies is unavailable. Kitten's Kite Emporium, which uses ASPE, intends to hold the shares indefinitely. The 650 shares represent 31% of the total shares of Cloudy Skies. On October 31, 2016, Cloudy skies pays dividends of $0.80 per share. Cloudy skies has a year-end of December 31 and reported a net income of $32,000. The next day, on January 1, 2017, Kitten's Kite Emporium has to unexpectedly sell all Cloudy skies' shares when the market price is $33 per share. a) From the perspective of Kitten's Kite Emporium, record the journal entry on April 18, 2016. alebo Date Account Title and Explanation Debit Credit b) From the perspective of Kitten's Kite Emporium, record the journal entry on October 31, 2016 Date Account Title and Explanation Debit Credit c) From Kitten's Kite Emporium's perspective, record the journal entry on December 31, 2016 Date Account Title and explanation Debit Credit d) From the perspective of Kitten's Kite Emporium, record the journal entry on January 1, 2017 Date Account Title and Explanation Debit Credit Page 5