On January 1^, 2020, Starchucks Corporation purchased 20,000 shares of Karfee, Inc. common stock for $30/share, including brokerage commissions. Karfee had 200,000 shares of common stock outstanding at the time Starchucks purchased its stock from another investor. Karfee common stock was trading at $33/share on December 31, 2020, and $26/share on December 31, 2021. Starchucks classifies its investment in Karfee as an available for sale investment. December 31^st is Starchucks fiscal year-end.

Required (submit as a text entry and MUST show the detail of numbers calculated):

1. Prepare the journal entry for Starchucks to record the purchase on 1/1/20.
2. Prepare the journal entry for Starchucks to mark to market its investment on 12/31/20.
3. Prepare the journal entry for Starchucks to mark to market its investment on 12/31/21.
4. Prepare Starchucks' balance sheet presentation of its investment in Karfee on 12/31/21.