On July 1, 2020, Moose Limited purchased 81,200 shares in Deer Inc for KD 4 per share. Deer has 290,000 shares issued and outstanding. On September 30, 2020, Deer declared and paid a KD 62,500 cash dividend. On December 31, 2020, Deer reported net income of KD 395,100. INSTRUCTIONS A) Journalize the transactions. A) Journalize the transactions. Date Accounts Debit Credit Share Investments A 324800 July 1, 2020 Cash 324800 Sept. Cash 62500 30, 2020 Share Investments 62500 Dec. Share Investments A 395100 31, 2020 Revenue from Share Investments 395100 B) The amount to be reported as an investment in Deer Inc at December 31, 2020 is 657400 C) If Moose Limited used the Cost method for valuing its investment in Deer Inc, then the amount of revenue from share investments to be reported is 324800