Mount Corp. was organized on January 02, 2020. And issued 50,000 common shares for $250,000 on that date. The following investment transactions and events subsequently occurred: 2020 Jan. 12 Mount Corp. acquired 12,000 shares of Hill Ltd. At a cost of $250,000. The Investment represented 24% of Hill's outstanding shares Mar. 31 Hill Ltd. declared and paid a cash dividend of $1.00 per share Dec. 31 Hill Ltd. announced that it's profit for 2020 was $125,000 2021 Aud. 15 Hill Ltd. declared and paid a cash dividend of $.80 per share Dec. 31 Hill Ltd. announced that it's loss for 2021 was $95,000 2022 S Jan. 06 Mount Corp. sold all of its Investment in Hill Ltd. for $230,000 Assume that Mount Corp. has significant influence over Hill Ltd. with its 24% share. Required 1. Present the entries to record the preceding transactions in Mount Corp.'s. books 2. Calculate the carrying value per share of Mount Corp.'s investment as reflected in the investment account on January 01, 2022