(The following information applies to the questions displayed below. On August 4, 2015, Jeffrey Corporation purchased 3,000 shares of Kevin Company for $168,000. The following Information applies to the stock price of Kevin Company: 12/31/2015 12/31/2016 12/31/2017 Price $55 60 Kevin Company declares and pays cash dividends of $3.00 per share on June 1 of each year. value: 5.00 points Required information Required: 1. Prepare journal entries to record the facts required" in the first account field.) the case, assuming that Jeffrey purchased the shares for the trading securities portfolio. (If no entry is required for a transaction/event, select "No journal entry View transaction list Journal entry worksheet 1 2 3 4 5 6 value 5.00 points Required information 2. Prepare joumal entries to record the facts in the case, assuming that Jeffrey purchased the shares for the available-for-sale securities portfolio. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction list Journal entry worksheet 2 3 4 5 6 > Record the purchase of 3,000 shares of Kevin Company for $168,000. Note: Enter debits before credits. Date General Journal Debit Credit August 04, 2015 Record entry Clear entry Vlew general Journal 2. values Required information 5.00 points Kevin and Kevin reported $49,000 in income each 3. Prepare journal entries to record the facts in the case, assuming that Jeffrey used the equity method to account for the investment. Jeffrey owns 35 percent year. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 4 5 6 > Record the purchase of 3,000 shares of Kevin Company for $168,000. Note: Enter debits before credits. Date General Journal Debit Credit August 04, 2015 Record entry Clear entry View general journal