Required information [The following information applies to the questions displayed below.] Below are selected T-accounts related to equity investments for William Company. Investments 1/1 Balance 83,631 Purchase 12,852 Share of affiliate's earnings ? 10,121 Share of affiliate's dividends 12/31 Balance 89,420 Equity in Investee Earnings 1/1 Balance Share of affiliate's earnings 13,058 12/31 Balance Required: a. Prepare the journal entry for the purchase of additional investments in affiliated companies for cash. b. Prepare the journal entry for the declaration of cash dividends on the investments. c. At year-end, the investments account had a fair value of $63,000; the affiliates also reported $5,950 in net income for the year. Prepare the year-end journal entry. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet