Lisa company had outstanding 220,000 shares of common stock. on january10, 2021, Marg company purchased a block of these shares in the open market at $25 per share.

Lisa Company had outstanding 220,000 shares of common stock. On January 10, 2021, Marg Company purchased a block of these shares in the open market at $25 per share. At the end of 2021, Lisa reported net income of $150,000 and cash dividends of $0.50 per share. At December 31, 2021, Lisa Company stock was selling at $23 per share. 2-a. Prepare the journal entries for Marg Company at the dates indicated for Case A: 39,600 shares purchased. 2-b. Prepare the journal entries for Marg Company at the dates indicated for Case B: 105,600 shares purchased. 3. Complete the following schedule to show the separate amounts that should be reported on the 2021 financial statements of Ma Company Complete this question by entering your answers in the tabs below. Reg 2A Reg 28 Reg 3 Prepare the journal entries for Marg Company at the dates indicated for Case A: 39,600 shares purchased. (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field) View transaction list View journal entry worksheet No Transaction General Journal 2 No Journal Entry Required Debit Credit b Reg 28 >