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 available-for-sale. 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 or entries 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.