Nash Company has several investments in the securities of other companies. The following information regarding these investments is available at December 31, 2020.

1.		Nash holds bonds issued by Dorsel Corp. The bonds have an amortized cost of $314,000 and their fair value at December 31, 2020, is $396,000. Nash intends to hold the bonds until they mature on December 31, 2028.
2.		Nash has invested idle cash in the equity securities of several publicly traded companies. Nash intends to sell these securities during the first quarter of 2021, when it will need the cash to acquire seasonal inventory. These equity securities have a cost basis of $806,000 and a fair value of $926,000 at December 31, 2020.
3.		Nash has an ownership stake in one of the companies that supplies Nash with various components Nash uses in its products. Nash owns 6% of the common stock of the supplier, does not have any representation on the suppliers board of directors, does not exchange any personnel with the supplier, and does not consult with the supplier on any of the suppliers operating, financial, or strategic decisions. The cost basis of the investment in the supplier is $1,196,000 and the fair value of the investment at December 31, 2020, is $1,550,000. Nash does not intend to sell the investment in the foreseeable future. The supplier reported net income of $77,000 for 2020 and paid no dividends.
4.		Nash purchased 25% of the stock of Slobbaer Co. for $900,000. Nash has significant influence over the operating activities of Slobbaer Co. During 2020, Slobbaer Co. reported net income of $303,000 and paid a dividend of $120,000.

(b) Prepare any December 31, 2020, journal entries needed for Nash relating to Nash's various investments in other companies. Assume 2020 is Nashs first year of operations. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

No.	Account Titles and Explanation	Debit	Credit
1.
2.
	(To record the increase in value of the securities.)
3.
	(To record the increase in the value of the investment in the supplier.)
4.
	(To record income on the equity method.)
	(To record dividends received from equity-method investee.)