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Assessing Financial Statement Effects of Trading and Available$-$for$-$Sale Securities

Use the financial statement effects template to record the following four transactions involving investments in marketable securities$.$

Purchased $6,000$ common shares of Liu, Inc., at $$12\mathrm{.}25$ cash per share.

Received a cash dividend of $$1\mathrm{.}50$ per common share from Liu.

Year$-$end market price of Liu common stock is $$11\mathrm{.}25$ per share.

Sold all $6,000$ common shares of Liu for $$66,300.$

Use negative signs with answers, when appropriate.

$\backslash$table$[[$Balance Sheet$],[$Transaction Cash Asset $+$ Noncash$],[(1)],[(2)],[(3)],[(4)]]$

$\backslash$table$[[$Income Statement$],[$Revenue$,-$ Expenses,E$,\backslash$table$[[$Net$],[$Income$]]],[,,,],[,,,],[,,,]]$