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On April 1, 2024, Sandhill Compamy purchased 46,400 common shares in Ecotown Ltd. for $13 per share. Management has designated the investment as FVTOCL, On

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On April 1, 2024, Sandhill Compamy purchased 46,400 common shares in Ecotown Ltd. for $13 per share. Management has designated the investment as FVTOCL, On December 5. Ecotown paid dividends of $0.10 per share and its shares were trading at $15 per share on December 31 Prepare the required entries to record the purchase, dividends, and year-end adjusting fournal entry (if any) for this investment, (Credit account tittes are outomatically indented when the amount is entered. Do not indent manuolly. If no entry is required, select 'No Entry' for the account tities and enter O for the amounts. Record journal entries in the order presented in the problem. List all debit entries before credit entriesJ

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