The Oatmeal Company Inc decided to invest in some short term instruments. Its CFO decided to invest in a listed company named Spoon Inc.

1. On 1st January, the company bought 200,000 shares of Spoon Inc at $8.50

2. On 15th of September, the company received a cash dividend of $3.00 per share

3. On 30th of November, the price of Spoon Inc shares rose to $15.00 per share.

4. On 30th of November , the company decided to sell off all its shares of Spoon Inc

a) Please post the account entries of each transaction

b) What would happen if instead of rising, the price of the shares dropped to $5.00 per share and the company sold all of its shares?