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Need help with part C, the partial balance sheet (c) Show the balance sheet presentation of the investments at 2019. These investments should be classified

image text in transcribedimage text in transcribedimage text in transcribedNeed help with part C, the partial balance sheet

(c) Show the balance sheet presentation of the investments at 2019. These investments should be classified as long-term. At this date, Oriole Associates has common stock $1,933,000 and retained earnings $1,195,000. Oriole Associates (Partial) Balance Sheet $ Click if you would like to Show Work for this question: Open Show Work Journalize the 2019 transactions (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Rec presented in the problem. Round answers to 0 decimal places, e.g. 5,275.) Account Titles and Explanation Date Debit Credit Cash July 1 10940 10940 Dividend Revenue Cash Aug. 1 450 450 Dividend Revenue Sept. 1 Cash 8550 investment 7505 Gain on Sale of Stock Investment 1045 Cash Oct. 1 16472 Common Stock 15052 Gain on Sale of Stock Investment 1420 Cash Nov. 1 1333 1333 Dividend Revenue Dec. 15 lCash 308 308 Dividend Revenue Dec. 31 Cash 9944 9944 Dividend Revenue Problem H-3 (Part Level Submission) On December 31, 2018, the end of its first year of operations, Oriole Associates owned the following securities that are held as long-term investments Common Stock Shares Cost C Co. 900 $47,700 5,470 43,213 D Co. 22,660 E Co. 1,133 On this date, the total fair value of the securities was equal to its cost. The securities are not held for influence or control over the investees. In 2019, the following transactions occurred. July 1 Received $2 per share semiannual cash dividend on D Co. common stock. Aug. 1 Received $0.50 per share cash dividend on C Co. common stock. Sold 950 shares of D Co. common stock for cash at $9 per share Sept. 1 Oct 1 Sold 284 shares of C Co. common stock for cash at $58 per share. Nov. 1 Received $1 per share cash dividend on E Co. common stock. Dec. 15 Received $0.50 per share cash dividend on C Co. common stock. Received $2.20 per share semiannual cash dividend on D Co. common stock 31 At December 31, the fair values per share of the common stocks were C Co. $52, D Co. $7.70, and E Co. $24. These investments should be classified as long-term

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