Required information [The following information applies to the questions displayed below.) On August 4, 2019, Bennett Corporation purchased 4,800 shares of Plummer Company for $259,200. The following information applies to the stock price of Plummer Company 12/31/2019 12/31/2020 12/31/2021 62 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. Required: 1. Prepare journal entries to record the facts in the case, assuming that Bennett purchased the shores as a passive Investment (If no antry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction list Journal entry worksheet View transaction list Journal entry worksheet 1 2 3 4 5 6 7 Recognize the fair value of the investments on December 31, 2019. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31, 2019 Record enty Clear entry View general journal View transaction list Journal entry worksheet Journal entry Worksheet Journal entry worksheet Journal entry worksheet