Suppose Caltay Corp.completed the following investment transactions in 2020 and 2021: 2020 Nov 6 Purchased 2.500 McGrady Corporation common shares for $95,000. Caltay plans to sell the shares in the near future to meet its operating cash flow requirements. Brokerage commissions on the purchase were $820 30 Received a quarterly cash dividend of $3.75 per share on the McGrady Corporation shares. Dec 31 Current fair value of the McGrady common shares is $97.500. This is year-end for Caltay Corp. 2021 Jan 20 Sold the McGrady Corporation shares for $99,500, less brokerage commissions on the sale of $940. Required Requirement 1. Make the entries to record Caltay Corp's investment transactions. November 6, 2020. Purchased 2,500 McGrady Corporation common shares for $95,000. Caltay plans to sell the shares in the near future to meet its operating cash Now requirements. Brokerage commissions on the purchase were $820. (Record debits first, then credits. Exclude explanations from journal entries.) Journal Entry Accounts Date Debit Credit 2020 Nov Novermber 30, 2020. Received a quarterly cash dividend of $3.75 per share on the McGrady Corporation shares Journal Entry Date Accounts Dobit Credit 2020 Nov. 30 December 31, 2020 Current fair value of the McGrady common shares is $97.500. This is year-end for Cartay Corp Journal Entry Accounts Debit Credit Date 2020 Dec. 31 Choose from any list or enter any number in the input fields and then continue to the next question December 31, 2020 Current fair value of the McGrady common shares is $97,500. This is year-end for Caltay Corp. Journal Entry Date Accounts Debit Credit 2020 Dec 31 January 20,2021. Sold the McGrady Corporation shares for $99,500, less commissions on the sale of 5940 Journal Entry Date Accounts Debit Credit 2021 Jan 20 Requirement 2. Show how Caltay Corp would report its investment in the McGrady Corporation shares on the balance sheet at Decembe Caltay Corp Balance Sheet (partial) December 31, 2020 Assets Current assets