Samson Company is a wholesaler of men's hairproducts. The following transactions relate to certain securities by Samson Company, which has a fiscal year ending on December 31: 2006 Jan. 3. Purchased 4000 shares of the 100,000 outstanding common shares of Nichols Corporation at 55 plus commission and other costs of $480. July 2. Received the regular cash dividend of $1.25 a share on Nichols Corporation stock. Dec. 5. Received the regular cash dividend of $1.25 a share plus an extra dividend of $0.10 a share on Nichols Corporation stock. (Assume that all intervening transactions have been recorded properly and that the number of shares of stock owned have not changed from December 31, 2006 to December 31, 2008). 2009 Jan. 2. Purchased controlling interest in Telico Inc. for $540,000 by purchasing 32,000 shares directly from the estate of the founder of Telico. There are 128,000 shares of Telico Inc. stock outstanding. July 6. Received the regular cash dividend of $1.25 a share and a 4% stock dividend on the Nichols Corporation stock. Oct. 23. Sold 800 shares of Nichols Corporation stock at 68. The broker deducted commission and other costs of $140, remitting the balance. Dec. 10. Received a cash dividend at the new rate of $1.50 a share on the Nichols Corporation stock. Dec. 31. Received $38,000 of cash dividends on Telico Inc. stock. Telico Inc. reported net income of $260,000 in 2009. Samson uses the equity method of accounting for its investment in Telico Inc. I attached the worksheet that I have to use as well. Thanks, any help will be wonderful.

Problem 14-4A Name: Melissa Bushman Section: Accounting III Enter the appropriate amount in the shaded cells below. Use the pull-down menus for account titles 2006 Account Jan 3 July 2 Dec. 5 2009 Jan 2 July 6 Memo: Oct 23 Dec 10 31 31 DR CR Cash Dividend Revenue Gain on Sale of Investments Income of Telico Inc. Investment in Nichols Corporation Stock Investment in Telico Inc. Stock