The beginning balance sheet of NASDOQ Corporation included the following: Long-Term Investment in MSC Software (equity-method investment).........$619,000 NASDOQ completed the following investment transactions during the year: Mar. 16 - Purchased 2,000 shares of ATI, Inc., common stock as a long term available-for-sale investment, paying $12.25 per share. May 21 - Received cash dividend of $0.75 per share on the ATI investment Aug. 17 - Received cash dividend of $81,000 from MSC Software. Dec. 31 - Received annual report from MSC Software; net income for the year was $550,000. Of this amount, NASDOQ's proportion is 22%. At year end, the market values of NASDOQ's investments are: ATI, $25,700; MSC $700,000. Required: 1. Record the transactions in the journal of NASDOQ Corporation. 2. Post entries to the T-account for Long-Term Investment in MSC and determine its balance December 31. 3. Show how to report the Long-Term Available-For-Sale Investments and the Long-Term Investment in MSC accounts on NASDOQ's balance sheet at December 31