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please explain the steps and the journal entry on how to get the numbers On January 2, 2016, Reddenblack, Inc. bought 2,000 shares of Green

please explain the steps and the journal entry on how to get the numbers image text in transcribed
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On January 2, 2016, Reddenblack, Inc. bought 2,000 shares of Green Corp.'s co $4 par, 5% preferred stock for $140,000. On that same day, the company also 10,000 shares (a 25% interest) in Blue Co.'s common stock for $820,000, as we $120,000 of Purple Company's common stock (12,000 shares). On January Reddenblack acquired $100,000 of 6% mortgage bonds of the Orange Corporation their face value, which it intends to hold until the bonds mature in 2020. These are only investments that Reddenblack owns. bought 3, 2016, at the At December 31, 2016 Lt phari, comaany reported earmingsof so20000, paid a cash dividend of $2 per (i) Green Corp. reported earnings of $743,000, paid its preferred dividend in cash to all (ii) Orange Corporation reported a net loss from operations of $21,000, paid its annual (iv) Blue Co. reported earnings of $560,000 for the year, paid a cash dividend of $3 per and had a market value of $12 per share shareholders, and had a market value of $65 per share interest to bondholders in cash, and had a market value of 97; and share, and had a market value of $86 per share. Prepare the journal entries for Reddenblack at December 31, 2016, relating to its investments

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