! Required information PA-5 (Algo) Recording Passive Investments and Investments for Significant Influence LO A-2, A-3 [The following information applies to the questions displayed below.] On August 4, 2019, Bennett Corporation purchased 4,300 shares of Plummer Company for $236,500. The following information applies to the stock price of Plummer Company: Price 12/31/2019 $ 54 12/31/2020 12/31/2021 59 63 Plummer Company declares cash dividends of $2.50 per share on June 1 of each year and pays the dividends on July 1 of each year. PA-5 Part 1 Required: 1. Prepare journal entries to record the facts in the case, assuming that Bennett purchased the shares as a passive investment. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)