please help fix the incorrect ones!

On fuly t. Alen Corporation nurchased 30 w of the 54000 outstanding common shares of Towne Corporation at 517 per share as a long term investment. On the date of purchase the bock vaiue and the fairvalue of the net assets of Towne Corporation were equat. During the year, Towne Corporation reported net income of 543.200 . Fowne Corporation dedared and paid eash dividends of $14,400 on December 30 to shareholders on record. As of December 31 , common shares of Towe Corporation were trading at 520 per share. a. Record Alien's entries on (1)]uty 1, (2) December 30, and (3) December 31. assuming that Alen Corporation had signilicant influence over Towne Corporation. - Note: If a journal eotry asmtrequired on acy of the dates shown, sefect "N/A-debit" and "N/A-credn" as the occount names and ieave the Or. and Cr, answers blirk (reral b. Indicate the effects of this investment on Allen's income statement and its year-end balance sheet (ignoring any effects on cash). - Note: Indicate a loss with a negative sign