Required information (The following information applies to the questions displayed below.) Surge Corporation had outstanding 140,000 shares of no-par common stock. On January 10 of the current year, Crash Company purchased a block of Surge Company's shares in the open market at $21 per share for long-term investment purposes. At the end of the current year, Surge reported net income of $294,000 and cash dividends of $0.60 per share. At December 31 of the current year, Surge stock was selling at $23 per share. 2-a. Prepare the journal entries for Crash Company at the dates indicated assuming 14,000 shares of Surge Corporation were purchased. Assume the investment will be held long term. 2-b. Prepare the journal entries for Crash Company at the dates indicated assuming 42,000 shares of Surge Corporation were purchased. Assume the investment will be held long term. 3-a. Show how the long-term investments should be reported on the current year's balance sheet. 3-b. Show how the long-term investments should be reported on the current year's income statement