PART 2: ACCOUNTING FOR STOCK INVESTMENTS 20 POINTS he beginning bal ownership). During the year, Davis Consulting completed the following transactions. ance of Davis Consulting included a $500,000 investment in Donahue Brothers (30% July 2 purchased 8,000 shares at $6 per share of Mauve stock as a long term, available for sale investment, representing 8% ownership August 21 received a cash dividend of $0.50 per share on the Mauve stock. December 15 received cash dividend of $60,000 from Donahue Brothers. December 31 received Donahue's annual report showing $400,000 of net income. December 31 received Mauve's annual report showing $120,000 of net income. December 31 Donahue's stock fair value at year end was $620,000 Dece Please journalize the transactions for the year for Davis Consulting. mber 31 Mauve's common stock fair value at year end was $5per share General Journal Post ref DR CR Date Description