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Question 2 t 14 points; Journalize the entries to record the following equity investment transactions for Calvin, Inc. The company began operations in 2021. YOU

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Question 2 t 14 points; Journalize the entries to record the following equity investment transactions for Calvin, Inc. The company began operations in 2021. YOU MUST SHOW ALL SUPPORTING CALCULATIONS! Date 3/ 18/2021 12/31/2021 4/9/2022 7/25/2022 8/1 1/2022 12/31/2022 12/31/2022 Date Transaction Description Purchased 14,000 shares of the 100,000 outstanding shares of Particle Company for $39 per share plus a $2 80 brokerage commission. Marked the equity investment in Particle Company stock to a market value of $44 per share. The equity investment in Particle Company stock is classied as a trading investment. Purchased 24,600 shares of the 60,000 outstanding shares of Kaplin Company for $64/share including a brokerage commission, Sold 3,000 shares of Particle Company stock for $46 per share less a $70 brokerage commission, Received its share of a $380,000 cash dividend Kaplin Company collectively paid to investors. Marked the equity investment in Particle Company stock to a market value of $38 per share. Recorded its share of the $14,500,000 of Kaplin Company's 2022 net income. Accounts Debit Credit

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