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Please explain how you got got the numbers the answer is in the hen second pic On January 2 , 2016 , Reddenblack , Inc.

Please explain how you got got the numbers the answer is in the hen second pic

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On January 2 , 2016 , Reddenblack , Inc. bought 2, 000 shares of Green Corp.'s convertible $ 4 par , 5% preferred stock for $740, 000. On that same day , the company also bought 10.000 shares ( 2 25% interest) in Blue CO.'s common stock for $820, 000, as well as $ 120, 000 of Purple Company's common stock ( 12, 000 shares ). On January 3 , 2076, Reddenblack acquired $700, 000 of 6% mortgage bonds of the Orange Corporation at their face value , which it intends to hold until the bonds mature in 2020 . These are the only investments that Reddenblack owns . 2 x 12= 2 At December 31 , 2016 Jonk cal ( 1) Purple Company reported earnings of $920, 000, paid a cash dividend of $2 per share , and had a market value of $ 12 per share; Font Care ( 11 ) Green Corp . reported earnings of $7 43, 000, paid its preferred dividend in cash to all shareholders , and had a market value of $65 per share ; But Core ( 111 ) Orange Corporation reported a net loss from operations of $2 1 , 000 , paid its annual interest to bondholders in cash , and had a market value of 97 ; and we care ( IV ) Blue Co. reported earnings of $560, 000 for the year , paid a cash dividend of $3 per ( share , and had a market value of $86 per share. 14 70 ( 25 %2 ) X 560 K = 14016\\ Prepare the journal entries for Reddenblack at December 31 , 2016 , relating to its investments .an /31 Valuation swance - Puddle Centocor Unteallied Holding dall addd alfa dol Unrealuel Laldine Loss Voluntun alesisince - GFeehold oldop Cash Dividend Revenue Cash Untest Aerenue ddoo investment in Blue Co. 140 000 Earnings from subsidiary Layout will Cash 30 ddo Jhwestmerk in Blue Co 30 0 0 0

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