Question 1 (9 points) Listen The Scam Corporation reported the following transactions for the years 2020 and 2021: July 1, 2020 Scam acquired 140,000 shares (25% of Unruh's total number of common shares outstanding) of Unruh's common share at a cost of S7 per share. Aug. 15. 2020 Unruh Company declared and paid a total cash dividend of S100,000, Dec. 31. 2020 Unruh's reported net income was $420,000 Jan 15, 2021 Scam sold all of its holding of Unruh shares for $1,100,000. Required: Prepare journal entries to record all the above 4 events for the Scam Corporation. Label the date dearly before writing the journal entries (9 points)