Prepare Riley Company's journal entries to record the following transactions for the current year. April 18 Purchases 360 common shares of XLT Company as a short-term investment at a cost of $48 per share. With this stock investment, Riley has an insignificant influence over XLT. May 30 Receives $1.60 per share from XLT in dividends. View transaction list Journal entry worksheet 1 2 Purchases 360 common shares of XLT Company as a short-term investment at a cost of $48 per share. With this stock investment, Riley has an insignificant influence over XLT. Note: Enter debits before credits. Date General Journal Debit Credit April 18 Record entry Clear entry View general journal Selected accounts from Westeros Company's adjusted trial balance for the year ended December 31 follow. Sales Repairs expense Depletion expense $ 66,000 1,400 5,800 Depreciation expense Salaries expense Amortization expense $ 14,000 28,000 3,800 Prepare its income statement. WESTEROS COMPANY Income Statement For Year Ended December 31 Revenues Expenses Total expenses 0 $ 0