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The following transactions and information pertain to Brown Co long term investments during 2015 and 2016 . Brown did not own any long term investments prior to 2015. Show the appropriate journal entries for each transactions in good form (show your computations if you need to calculate a number for the journal entry) Show the relevant portions of each year's balance sheet and income statement that reflects these transactions for both 2015 and 2016 2015 Sept 9 Purchased 1,000 shares of Packard, Inc. common stock for $80,000 cash.. These shares represent 30% of Packard's outstanding share. Oct 2 Purchased 2,000 shares of AT&T common stock for $60,000 cash. These shares represent less than 1% ownership in AT&T. Oct 17 Purchased as a long term investment 1,000 shares of Apple Computer common stock for $40,000 cash. These shares are less than 1% of Apple's outstanding shares. Nov 1 Received $5,000 cash dividend from Packard. Nov 30 Received $3,000 cash dividend from AT&T. Dec 15 Received $1,400 cash dividend from Apple. Dec 31Packard's 2015 net income is $70,000. Dec 31 Market values for the investments in equity securities are Packard $84,000; AT&T $48,000; and Apple Computer $45,000. Dec 31For preparing financial statements, note the following post-closing account balances: Common Stock, $500,000 and Retained Earnings $350,000. 2016 Jan 1 Sold Packard, Inc. shares for $108,000 cash. May 30 Received $3,100 cash dividend from AT&T. June 15 Received $1,600 cash dividend from Apple. Aug 17 Sold the AT&T stock for $52,000 cash. Aug 19 Purchased 2,000 shares of Coca Cola common stock for $50,000 cash as a long term investment. The stock represents less than a 5% ownership in Coca Cola. Dec 15 Received $1,800 cash dividend from Apple. Dec 31 Market values for the investments in equity securities are Apple Computer $39,000 and Coca Cola $48,000. Dec 31For preparing financial statements, note the following post-closing account balances: Common Stock, $500,000 and Retained Earnings $410,000. Tips: Account for the investment in Packard under the equity method. Account for the investments in AT&T, Apple and Coca Cola as long term investments in available for sale. Prepare the information for the two years balance sheets by including the appropriate asset and equity accounts. List the relevant income statement items with account name and balance for each year