The following information applies to the questions displayed below. Selk Steel Co., which began operations on January 4, 2015, had the following subsequent transactions and events In its long-term Investments. 2015 Jan. 5 Selk purchased 40,000 shares (20% of total) of Kildare's common stock for $1,200,000. Oct. 23 Klldalre declared and pald a cash dividend of $4.20 per share. Dec. 31 Kildalre's net Income for 2015 Is $1,264,000, and the falr value of Its stock at December 31 Is $31.00 per share. 2016 Oct. 15 Klldalre declared and pald a cash dividend of $3.10 per share. Dec. 31 Kildalr and the falr value of Its stock at December 31 Is $33.00 e's net income for 2016 Is $1,576,000 per share. 2017 Jan. 2 Selk sold all of Its Investment In Kildalre for $1,665,000 cash. value 10.00 points Part 1 Assume that Selk has a significant influence over Kildare with its 20% share of stock. Required: re journal entries to record these transactions and events for Selk. (If no entry is required select No journal entry required in the first entry field.)