riel Exercise 9.9 Hounder Corporation purchased 400 common shares of Sigma Inc. for trading purposes for $12,800 on September 8 and accounted for the investment under ASPE at FV-NI. In December Skomadan and paid a cash dividend of $1.81 per share. At year end, December 31, Sigma shares were selling for $35.80 per share. In late January, Founder sold the sigma shares for $34.93 per share. repare founder Corporation's journal entry to record the purchase of the investment. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Amount Titles and Explanation Debit Credit SHOW LIST OF ACCOUNTS LINK TO TEXT repare Founder Corporation's journal entry to record the dividends received. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required select "No Entry for the account titles and enter o for the amounts.) Auzount Titles and Explanation December 31 Date Debit Credit PRINTER VERSION Prepare Flounder Corporation's journal entry to record the fair value adjustment at December 31. (Credit account titles are automatically indented when the amount is entered. Do nolladent manually. If no entry is required, select "No Entry for the account titles and enter o for the amounts.) Date Account Titles and Explanation December 31 Debit Credit SHOW LIST OF ACCOUNTS LINK TO TEXT Prepare Flounder Corporation's journal entry to record the January sale of the investment. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Date Account Titles and Explanation Debit Credit January 31 SHOW UST OF ACCOUNTS