[The following information applies to the questions displayed below] Felicia Company acquired 24,000 of the 60,000 shares of outstanding common stock of Nueces Corporation as a long term investment. The annual accounting period for both companies ends December 31. The following transactions occurred during the year Jan 10 Purchased 24,000 shares of Nueces common stock at $13 per share. Dec. 31 Nueces Corporation reported net income of $110,000 Dec. 31 Nueces Corporation declared and paid a cash dividend of $0.20 per share. Dec 31 Determined the fair value of Nueces stock to be $12 per share, 2 Record the purchase of 24,000 shares (40%) of the common stock of Nueces Corp. at 513 per share. Notes Enter dabits before credits Date General Journal Debit Credit Jan 10 2 3 4 Record Felecia Company's share of the $110,000 net income reported by Nueces Corp. Note- Enter before credits Date General Journal Debit Credit Dec 31 Record entry Clear entry View general jounal