Please answer each transaction question.

Rapid City Corp. invests in the publicly traded stock of Newcastle, Inc. Record the following transactions in the nancial statements effects template below. Assume the transactions occur in 2018. Purchased 2,000 shares of Newcastle, Inc.'s common stock for $57.60 per share. Rapid City has no inuence over Newcastle's business decisions. I Received a cash dividend of $2.16 per share from Newcastle. \\ Year-end market price of Newcastle's common stock is $68.40 per share. L Sold all 2,000 shares for $74.40 per share, the closing price for the day. Balance Sheet Income Statement Transaction Cash Asset (+) No ncash Assets (=) Liabilities Contributed Capital (+) Earned Capital Revenues Expenses Net Income (+) (=) (+) (+) (-) (=) 2 (+) (=) (+) (+) (-) (=) 3 (+) (=) (+) (+) (-) (=)