Paul's Plumbing Inc. (PPI) purchases an investment of 25,000 shares of Delta Bathrooms Ltd. (DBL). Their intent is to hold the investment for a temporary basis, likely less than one year. A) PPI pays $75,000 or $3 per share and gets a 10% investment in DBL on Jan 1/19 B) On July 1/19 DBL pays dividends of $1.00 per share in cash. C) As of Dec 31/19 PPI's year-end, the fair value of the shares of DBL is now $4.50 per share. D) On Mar 15/20 PPI sells 1/2 of their shares (12,500 units) in DBL for $5 per share in exchange for cash. Required: 1 What type of investment is this and how would it be classified on the balance sheet? Marks Available: 2 2 Create the necessary journal entries to record all of the above transactions, no descriptions are required. Marks Available: 6