Q9. Present entries to record the following selected transactions of Roman Co. Aug. 1 Purchased 600 shares of the 100,000 shares outstanding $10 par common shares of Kin Corporation for $5,100. 1 Purchased 3,500 shares of the 10,000 shares no par common shares of Dan Co. for $45,700. The investment was accounted for by the equity method. Sept. 1 Received a cash dividend of $1 per share on the Kin Corporation stock acquired on August 1. 1 Received a cash dividend of $2 per share on the Dan Co. stock acquired on August 1. Dec. 31 Sold 100 shares of the Kin Corporation shares acquired on August 1 for $2,100. 31 Kin Corporation reported net income of $30,000 and Dan Company's reported net income was $50,000