Princeton Company acquired some of the 50,000 outstanding shares of the common stock of Cox Corporation as marketable equity securities. The accounting period for both companies ends December 31.

July 2Purchased 8,000 shares of Cox common stock at $28 per share.December 15Cox Corporation declared and paid a cash dividend of $2 per share.December 31Determined the fair value of Cox stock to be $29 per share.

Required:

Indicate the effects (direction and amount) of the transactions listed above. (Enter any decreases to account balances with a minus sign.)

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