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On 10/10/19, Eve 6 purchased 5,000 shares of common stock from Tom Petty for $60,000. Tom Petty has 100,000 shares outstanding. On 12/20/19, Eve 6

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On 10/10/19, Eve 6 purchased 5,000 shares of common stock from Tom Petty for $60,000. Tom Petty has 100,000 shares outstanding. On 12/20/19, Eve 6 received a $4,000 dividend from its investment. As of 12/31/19, the market value of the shares equaled $67,000, and as of 12/31/20, the market value of the shares equaled $65,000. Record any necessary journal entries for Eve 6 on 10/10/19, 12/20/19, 12/31/19, and 12/31/20 related to its investment in Tom Petty. Remember to include the financial statement effects in parentheses for each entry. All journal entry lines may not be necessary. 10/10/19 12/20/19 12/31/19 12/31/20

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