laah AME ENGAGE On January 21, 2020, Lowland Company purchased 280 common shares of Marksmen Holding on the Toronto Stock Exchange at $18.18 per share. This represents a very small percentage of outstanding shares in the company, and Lowland Company plans to keep these for more than one year. 21 on September 30, 2020, Lowland Company received dividends from Marksmen Holding of $193 per share. 3) On December 31, 2020, the trading price of Marksmen Holding went up to $19.99 per share. 4) On January 28, 2021, Lowland Company sold all Marksmen Holding shares at $21.68 per share Required Record journal entries for Lowland Company's investment activities Do not enter dollar signs or commas in the input boxes For transactions that have 2 debits or 2 credits enter the accounts in alphabetical order Round all answers to 2 decimal places. Date Debit Credit Account Title and Explanation Valuation Allowance for Fair Value Adjustment . X Mar 21 509040 Cash . 5090.40 To record acquisition of common shares Sep 30 Cash 540.40 54040 Dividend Revenue To record dividend received Dec 31 Short-Term Investment - Bonds Unrealized Gain on Fair Value Adjustment To record fair value adjustment to shares Jan 28 Cash + x Unrealized Gain on Fair Value Adjustment X Short-Term Investment - Bonds . X Short-Term Investment - Bonds To record sale of common shares o e 9 . pe here to search