Problem \#1 Fair Value Accounting for Equity Investments On September 30, 2022, the Christensen Corporation purchased the following investments in other corporations common and preferred stock: Green Inc. 1,000 shares of common stock, no par. Paid $100 per share. Xie Inc. 2,000 shares of preferred stock, $20 par. Paid $20 per share. At the end of 2022, which is also the end of Christensen Corporation's fiscal year, Green Inc. market price was $110 per share and Xie Inc.'s market price was $13 per share. On April 30, 2023, Christensen Corporation received from Green Inc. dividends of $2 per share and from Xie Inc. dividends of \$1 per share. On July 31, 2023, 200 shares of Green were sold for $115 per share. At the end of 2023, Green Inc. market price was $90 per share and Xie Inc.'s market price was $19. REQUIRED: a) Record the purchase of the Green Inc. and Xie Inc. share on September 30, 2022. b) Record the fair value of the share at the end of 2022 for Christensen Corporation. c) Indicate how these investments would affect Christensen Corporation's income statement and balance sheet for 2022. d) Record all journal entries for 2023 . e) Indicate how these investments would affect Christensen Corporation's income statement and balance sheet for 2023