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what is the answer for 2 and 3rd question? Heritage Ltd was organized on January 2, 2023. The following investment transactions and events occurred during
what is the answer for 2 and 3rd question?
Heritage Ltd was organized on January 2, 2023. The following investment transactions and events occurred during the following months: 2023 Jan. 6 Heritage paid $581,500 (including transaction fees of $50 ) for $0,600 shares (20\%) of Port inc. outstanding coenon shares. Apr. 30 Port declared and paid a cash dividend of $1,20 per share. Dec 31 Port announced that its profit for 2023 , was $540, 000 . Fair value of the shares was $12.40 per share. 2024 Oct. 15 Port declared and paid a cash dividend of 50.80 per share. Dec. 31 Port announced that its profit for 2024 was $690,000. Foir value of the shares was $12.75 per share. 2025 Jan. 5 Heritage sold all of its investeent in Port for 5688,000 cash. Assume that Heritage has a significant influence over Port with its 20% share. 2. Calculate the carrying value per share of Heritage's investment as reflected in the investment occount on lanuary 4, 2025. (Round your answer to 2 decimol places.) 3. Calculate the change in Heritage's equity from January 2, 2023, through January 5.2025 , resulting from its investment in Port Step by Step Solution
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