On 1/1/16 the Able Company purchased 1000 of the 10000outstanding shares of Baker Company for $40,000. With this 10% ownership, Able has no influence of Baker and Able has elected to record this investment as available for sale.

7/1/16 Baker Company paid a $2 per share dividend.

12/31/16 Baker reported income of $80,000 and its stock was selling for $38 per share.

On 1/1/17 Able purchased another 1500 shares of Baker at $39 per share. With this second purchase, Able now has influence over Baker All Baker's assets had book values equal to their market values

7/1/17 Baker paid a $2 per share dividend

12/31/17 Baker reported income of $90,000 and its stock was selling for $43 per share

7/1/18 Baker paid a $2 per share dividend

12/31/18 Baker reported a loss of $10,000 and its stock was selling for $42 per share.

1/1/19 Able sold 2000 of its shares in Baker at $42 per share. Able no longer has influence over Baker

7/1/19 Baker paid a $1 per share dividend

12/31/19 Baker reported income of $22000 and its stock was selling for $45 per share

REQUIRED: MAKE ALL THE JOURNAL ENTRIES ABLE MAKES DUE TO ITS INVESTMENT IN BAKER FOR 2016, 2017, 2018 and 2019.