On June 8, Elkhardt Ltd was incorporated and issued 62,000 common shares for $372,000. On August 19, an additional 15,500 shares were issued for $108,500. On November 2, the company paid $33,640 to reacquire 5,800 common shares and on December 7 it paid $59,250 to reacquire 7,900 common shares. (a) Calculate the average cost of the common shares on June 8, August 19, November 2, and December 7. (Round answers to 2 decimal places, e.g. 15.25.) Average Cost June 8 Aug. 19 Nov. 2 Dec. 7 On August 1, 2018, Duffy Dog Ltd. purchased 1,000 Datawave Inc. common shares for $47,100 cash with the intention of trading the shares and using the fair value through profit or loss model. Datawave declared a dividend of $1 per common share, which Duffy Dog received on December 28, 2018. On December 31, 2018, Duffy Dog's year end, the shares' fair value was $51,200. Assume that the shares were sold on February 1, 2019. Record the sale under two different assumptions: (a) the shares sold for $49, 100, and (b) the shares sold for $46,000. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) No. Date Account Titles and Explanation Debit Credit (a) Feb. 1 (b) Feb. 1 Selected data from the comparative statements of financial position of Duffy Dog Ltd. are shown below: Cash Accounts receivable Inventory Property, plant, and equipment Intangible assets Total assets 2018 $149,000 598,000 779,000 3,159,000 89,000 $4,774,000 2017 $173,000 398,000 606,000 2,773,000 100,000 $4,050,000 2016 $74,000 449,000 702,000 2,870,000 $4,095,000 (a) Using horizontal analysis, calculate the percentage of a base-year amount, assuming 2016 is the base year. (Round answers to 1 decimal place, e.g. 5.2%.) 2018 2017 2016 Cash Accounts receivable Inventory Property, plant, and equipment