The balance sheet of Solid Developments Corp. at the start of the year included these balances Short-term investments 250,000 Investments in significantly influenced and other companies 2,600.000 Assume the company completed the following investment transactions during 2020 (Click the icon view list of transactions.) Requiem Requirement 1. Record the transactions in the general journal of Solid Developments Corp Mar 3 Purchased 10,500 common shares as a short-term investment, paying $27.00 per share plus brokerage commission of $800. (Record debits first, then credits. Esclude explanations from journal entries.) Journal Entry Accounts Credit Date Mar Debit Mar. 4. Purchased additional shares in a company that is significantly influenced by Solid Developments Coro at a cost of 5630 000, plus brokerage commission of $4.900 Journal Entry Date Accounts Debit Credit Mar 4 Choose from any list or enter any number in the input fields and then continue to the next question 6:52 P NYING The balance sheet of Solid Developments Corp. at the start of the year included these balances: Short-term investments 250,000 Investments in significantly influenced and other companies 2,600,000 Assume the company completed the following investment transactions during 2020 (Click the icon to view list of transactions.) Required May 14. Received semi-annual cash dividend of $2.60 per share on the short-term investment purchased March 3. Journal Entry Date Accounts Debit Credit May 14 Jun. 15. Received cash dividend of $75,000 from a significantly influenced company Journal Entry Date Accounts Debit Credit Jun 15 Aug. 28 Sold the short-term investment (purchased on March 3) for $25,50 per share, less brokerage commission of $750. Journal Entry Date Accounts Debit Credit Aug 28 Oct 24. Purchased other short-term investments for $295,000, plus brokerage commission of $525. Journal Entry Credit Date Debit Accounts from w list or enter any number in the input fields and then continue to the next question Dec. 15. Received a cash dividend of $50,000 from a significantly influenced company Journal Entry Date Accounts Debit Credit Dec 15 Dec. 31. Received annual reports from significantly influenced companies. Their total net income for the year was $2,100,000. Of this amount, Solid Developments Corp.'s proportion is 33 percent Joumal Entry Date Accounts Debit Credit Dec. 31 The balance sheet of Solid Developments Corp. at the start of the year included these balances Short-term investments 250,000 Investments in significantly influenced and other companies 2.500,000 Assume the company completed the following investment transactions during 2020: (Click the icon to view list of transactions.) Requeen Requirement 2. Post entries to the Investments Significantly influenced and Other Companies T-account, and determine its balance at December 31, 2020 (Leave any unused cells blank.) Investments in Significantly influenced and Other Companies Requirement 3. Assume the beginning balance of Short-Term Investments was at a cost of $250,000 Post entries to the Short-Term Investments T-account and determine balance at December 31, 2020 Short-Term Investments Choose from any list or enter any number in the input fields and then continue to the next question The balance sheet of Solid Developments Corp. at the start of the year included these balances Short-term investments 250,000 Investments in significantly influenced and other companies 2,600,000 Assume the company completed the following investment transactions during 2020: (Click the icon to view list of transactions.) regues Requirement 4. Assuming the market value of the short-term investment portfolio is $525,000 at December 31, 2020, show how Solid Developments Corp. would report short-term investments and in companies on the December 31, 2020, balance sheet. Solid Developments Corp. Balance Sheet (partial) December 31, 2020 Current Assets Cash $XXX XXX Short-term investments, at fair value Accounts receivable (net) Total current assets Investments in significantly influenced and other companies Choose from any list or enter any number in the input fields and then continue to the next