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This quest Heritage Ltd. was organized on January 2, 2022. The following investment transactions and events oc following months Jan. 5, 2022 Heritage paid

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This quest Heritage Ltd. was organized on January 2, 2022. The following investment transactions and events oc following months Jan. 5, 2022 Heritage paid $40,000 for 10,000 shares (5%) of Dream Co.'s outstanding Jun. 10, 2022 Dec. 31, 2022 shares. Heritage will account for this investment with the FVTPL method. Dream Co. declared a total cash dividend of $90,000 Dream Co. announced that its profits for 2020 was $530,000. The fair value of the shares was $6 per share Feb. 9, 2023 Heritage sold all of its investment in Dream Co. for $52,000 Required Record the required journal entries for Heritage Ltd. based on the above events. Totion

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