Please complete the equation and show work.

Queton 1 Not complete Marked out of 5.00 Fag question Assessing Financial Statement Effects of Equity Method Securities Use the financial statement effects template to record the following transactions involving investments in marketable securities accounted for using the equity method. a. Purchased 12,000 common shares of Bakersfield Coat $10 per share the shares represent 30% ownership in Bakersfield b. Received a cash dividend of $1.50 per common share from Bakersfield c Bakersfield reported annual net income of $75,000 d. Sold all 12.000 common shares of Bakersfield for $128.500 Use negative signs with answers, if appropriate Income Statement Contrib. Captial Earned Capital 0 Expenses Cash Asset o 0 Balance Sheet Noncash Assets - Liabilities 0 0 O 0 o 0 0 0 Revenues 0 0 Net Income 0 0 Transaction a. Purchased shares of Bakersfield D. Received cash dividend from Bakersfield Bakersfield reported annual net income d. Sold Bakersfield share. 0 OOOO 0 0 0 0 0 0 0 Check