[The following information applies to the questions displayed below.] Below are selected T-accounts related to equity investments for William Company. Required: a. Prepare the journal entry for the purchase of additional investments in affiliated companies for cash. b. Prepare the journal entry for the declaration of cash dividends on the investments. c. At year-end, the investments account had a fair value of $63,100; the affiliates also reported $5,920 in net income for the year. Prepare the year-end journal entry. a. Prepare the journal entry for the purchase of additional investments in affiliated companies for cash. b. Prepare the journal entry for the declaration of cash dividends on the investments. c. At year-end, the investments account had a fair value of $63,100; the affiliates also reported $5,920 in net income for the year: Prepare the year-end journal entry. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Below are selected T-accounts related to equity investments for William Company. d. What would be reported on the balance sheet related to the investments in affiliates on December 31 ? e. What would be reported on the income statement for the year? Complete this question by entering your answers in the tabs below. What would be reported on the balance sheet related to the investments in affiliates on December 31 ? d. What would be reported on the balance sheet related to the investments in affiliates on December 31 ? e. What would be reported on the income statement for the year? Complete this question by entering your answers in the tabs below. What would be reported on the income statement for the year