Question 1 (10 points) Listen >> The Scam Corporation reported the following transactions for the years 2020 and 2021: July 1, 2020 Aug.15, 2020 Dec. 31, 2020 Scam acquired 150,000 shares (25% of Unruh's total number of common shares outstanding) of Unruh's common share at a cost of $8 per share Unruh Company declared and paid a total cash dividend of $70,000 Unruh's reported net income was $380,000. Jan. 15, 2021 Required: Scam sold all of its holding of Unruh shares for $1,298,500 Prepare journal entries to record all the above 4 events for the Scam Corporation Label the date clearly hefore writing the journal entries (10 points).