On 01/01/2018, Hanny Company acquired 60,000 shares of the 400,000 outstanding shares of Edwards Company common stock for $240,000. The investment was properly classified as an available for sale investment by Hanny. During 2018, Edwards declared a total of $100,000 cash dividends to its common shareholders. Edwards earned $200,000 in net income for the year ended 12/31/2018. The year- end valuation of Edwards Company on the stock market was $4.50 per share. What is the total valuation of the investment on Hanny's balance sheet at 12/31/2018? $240,000 $255,000 $270,000 $340,000 On 01/15/2019, Jurrie Enterprises, a manufacturing corporation, purchases 10,000 shares of its own common stock from a dissident shareholder, paying $150,000, and records the transaction as treasury stock. Jurrie makes the following journal entry on 01/15/2019: Debit treasury stock $150,000, credit cash $150,000. On 04/25/2019, Jurrie sells 3.000 shares of this stock to a new shareholder and receives $84,000. Jurrie should make the following journal entry: Debit cash $84,000, credit treasury stock $84,000 Debit cash $45,000, debit treasury stock $39,000, credit retained earnings $84,000 Debit cash $84,000, credit treasury stock $45,000, credit paid-in capital from treasury stock $39,000 Debit treasury stock $84,000, credit paid-in capital from treasury stock $39,000, credit cash $45,000