On January 3, 2017, Nancy Corporation purchased the following equity securities as an investment: Number of Cost of Total Company Shares Share Cost A 400 $20 $ 8,000 B 2,000 12 24,000 C 800 22 17,600 These securities are classified as trading. Required: a. Prepare the journal entry to record the acquisition of the stock. b. On June 30, 2017, C Company paid dividends of $3.00 per share. Prepare the journal entry that would be used by Nancy to record the dividend receipt. c. On December 31, 2017, the market values per share were: Company Market Value A $22 B 12 C 20 Prepare any journal entry necessary to record these changes in market value. d. On March 14, 2017, Nancy sold 800 shares of C Company for $18 per share. Prepare the journal entry to record the sale.