Questions 8-9 (of 9) Problem 15-5A Accounting for long-term investments in securities; with and without significant influence LO [The following information applies to the questions displayed belowl Selk Steel Co., which began operations on January 4, 2013, had the following subsequent transactions and events in its long-term investments. 2013 Jan. 5 Selk purchased 60000 shares (20% of total of Kildalre's common stock for $1.560.000. Oct.23 Kildalre declared and peld a cash drvidend of $3.20 per share. Dec. 31 Kildalre's net income for 2013 ls $1164.000, and the fair value of its stock at December 31 ls $3000 per share. 2014 Oct. 15 Kildare declared and pald a cash dividend of $2.60 per share. Dec. 31 Kildalre's net income for 2014 is $1.476.000, and the fair value of its stock at December 31 is $32.00 per share. Jan. 2 Selk sold all of its Investment Kuldalre for $1894.000 cash. Section Break Problem 15-5A Accounting for long-term investments in securities, with and without significant influence LO P3, P4 111 points