Required informotion 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 purchosed 4.200 shares of Plummer Company for $235.200. The following information opplies to the stock price of Plummer Company; Plummer Company declares cosh dividends of $200 per share on June 1 of each year and poys the dividends on duly 1 of each year. PA-5 Part 1 Required: 1. Prepare journal entries to record the facts in the cose, ossuming that Bennett purchased the shares as a passive investment. (If no entry is required for a transection/event, select "No journal entry required" in the first occount field.) Journal entry worksheet Recognize the fair value of the investments on December 31,2019. Fater Entar debits befire crodits