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on july 2 0 1 7 victor purchased 3 0 0 0 shares of toms $ 1 8 0 0 0 oustansing shares of common

on july 2017 victor purchased 3000shares of toms $18000 oustansing shares of common stock for $20 per share. Durring 2017, tom paid $40,000 in dividends to its common stock holders. tom net income for the year ended december 312017 was $130,000. tom common sharea were trading at $30 per share as at december 31,2017. prepare all journal entries for victor related to this investment in tom

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