Required information [The following information applies to the questions displayed below.] Lisa Company had outstanding 150,000 shares of common stock. On January 10, 2018, Marg Company purchased a block of these shares in the open market at $28 per share, with the intent of holding the shares for a long time. At the end of 2018, Lisa reported net income of $370,000 and cash dividends of $0.20 per share. At December 31, 2018, Lisa Company stock was selling at $27 per share. 2-a. Prepare the journal entries for Marg Company at the dates indicated for Case A: 16,500 shares purchased 2-b. Prepare the journal entries for Marg Company at the dates indicated for Case B: 73,500 shares purchased 3. Complete the following schedule to show the separate amounts that should be reported on the 2018 financial statements of Marg Company: Prepare the journal entries for Marg Company at the dates indicated for Case A: 16,500 shares purchased. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list View journal entry worksheet Debit Credit Import a new list 1 Record the acquisition of 16,500 shares of Lisa Company on January 10 Req 2B Record the entry to recognize the $370,000 net income reported by Lisa Company for 2018. 2 3 Record the entry to recognize the dividends paid by Lisa Company 4 Record the entry to recognize the fair value adjustment of Lisa Company's stock at the end of the year. Req 3 Req 2A Req 2B Prepare the journal entries for Marg Company at the dates indicated for Case B: 73,500 shares purchased. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list X: Import a new list Record the acquisition of 73,500 shares of Lisa Company on January 10. 1 10. Record the entry to recognize the $370,000 net income reported by Lisa Company. 2 Record the entry to recognize the dividends paid by Lisa Company 3 Credit Record the entry to recognize the fair value adjustment of Lisa Company's stock at the end of the year. 4 Req 2A Req 2B Req 3 Complete the following schedule to show the separate amounts that should be reported on the 2018 financial statements of Marg Company: (Enter any losses with a minus sign) Dollar Amounts Case A Case B alance Sheet ong-term Assets: Marketable Equity Securities Investment in Affiliates ncome Statement: Dividend Revenue Net Gain (Loss) on Equity Securities Equity in Affiliate Earnings