The beginning Balance Sheet of Nora Corporation included the following: Long-Term Investment in Rockaway Software (equity-method investment) $612,000 Nora completed the following investment transactions during the year: Mar 16 Purchased 1,400 shares of Canton, Inc., as a long-term available-for-sale investment, paying $14 per share. May 21 Aug 17 Dec 31 Received cash dividend of $1.85 per share on the Canton investment. Received cash dividend of $86,000 from Rockaway Software. Received annual reports from Rockaway Software; net income for the year was $520,000. Of this amount Nora's proportion is 20%. At year-end, the fair market values of Nora's investments are as follows: Canton, $26,600 Rockaway, $698,000 Requirements: a. Record the transactions in the journal of Nora Corporation. b. Post entries to the T-account for Long-Term Investment in Rockaway and determine its balance at December 31. C. Show how to report the Long-Term Available-for-Sale Investments and the Long-Term Investment in Rockaway accounts on Nora's Balance Sheet at December 31.