The following events are for King Investment Inc.: 2020 Feb. 25 Purchased 195,100 shares of Jack Inc. common shares for $170,620. Jack has 975,500 common shares outstanding and has acknowledged the fact that its policies will be significantly influenced by King. Oct. 1 Jack declared and paid a cash dividend of $0.45 per share. Dec. 31 Jack announced that profit for the year amounted to $635,550. April 1 Jack declared and paid a cash dividend of $0.30 per share. Dec. 31 Jack announced that profit for the year amounted to $737,060. 31 King sold 79,790 shares of Jack for $114,770. 2021 Required: Prepare general journal entries to record each transaction. (Round per share calculations to 2 decimal places. Round your final answers to the nearest dollar.) View transaction list Journal entry worksheet 1 2 2 3 4 5 6 > Record the purchase of investment. Note: Enter debits before credits. General Journal Debit Credit Date Feb 25, 2020 Record entry Clear entry View general journal