On February 15, 2023, Lakefront Corp, with a year-end of December 31, purchssed 325,000 of the voting common shares in Ski Boat Co. for $2,800,000. Ski Boat Co. is a key custoner of Lakefront Corp, and the total voting common shares issued and outstanding by 5 Bat Co. on February 15, 2023 were 1,000,000. On Ski Boats' year-end June 30, 2023, their total preit was $980,000, and they paid a total cash dividend to all common sharehalders of $375,000. The payment date was June 30,2023. January 1, 2023, Lakefront Corp purchased common shares of Pontoon inc for $220,000 to hold as a short-term trading investment. On December 31,2023 , this investment now has a market value of $235,000. On June 1,2024 lakefront sells their Pontoon shares for $ On October 1, 2023, Lakefront Corp invested in common shares of RV Inc, purchasing 50,000 225,000 . shares for $6.75 per share; this purchase represented 1% of total shares issued and outstanding for RV Inc. Management elected to use FVOCI. RV decared and paid a tobal of $100,000 in dividends in 2023 and shares were trading for $6.93 per share on Decenther 31. 2023. Lakefront Corp's tax rate is 35%. 1) Prepare all appropriate joumal entries for Lakefront corp for 2023 induding jounal ontor explanations and calculations. You can record each investment individualy, in doessit the to Required: On February 15, 2023, Lakefront Corp, with a year-end of December 31, purchssed 325,000 of the voting common shares in Ski Boat Co. for $2,800,000. Ski Boat Co. is a key custoner of Lakefront Corp, and the total voting common shares issued and outstanding by 5 Bat Co. on February 15, 2023 were 1,000,000. On Ski Boats' year-end June 30, 2023, their total preit was $980,000, and they paid a total cash dividend to all common sharehalders of $375,000. The payment date was June 30,2023. January 1, 2023, Lakefront Corp purchased common shares of Pontoon inc for $220,000 to hold as a short-term trading investment. On December 31,2023 , this investment now has a market value of $235,000. On June 1,2024 lakefront sells their Pontoon shares for $ On October 1, 2023, Lakefront Corp invested in common shares of RV Inc, purchasing 50,000 225,000 . shares for $6.75 per share; this purchase represented 1% of total shares issued and outstanding for RV Inc. Management elected to use FVOCI. RV decared and paid a tobal of $100,000 in dividends in 2023 and shares were trading for $6.93 per share on Decenther 31. 2023. Lakefront Corp's tax rate is 35%. 1) Prepare all appropriate joumal entries for Lakefront corp for 2023 induding jounal ontor explanations and calculations. You can record each investment individualy, in doessit the to Required