Zurich Corporation had the following equity Investment portfolio January 1, 2017 Investment Jones Corp Bountiful Inc Intention Trade Hold of Trade Quantity 1,500 5,000 Cost per share $4750 $36 00 Fair Value at Dec 31, 2016 $.46.00 $37 00 During the month of Dec 2017, the following transactions took place! Dec 1 2017: Zurich sold 1,500 shares of Jones Corp. at $45.20 per share. Dec 3, 2017: Zurich bought 500 shares of Bountiful at $35 per share. Dec 13, 2017: Bountiful Inc. paid $0.50 per share dividend Dec 31, 2017: Market price of Bountiful shares were $37.20 per share Requirements: Round all answers to 2 decimal places. a) Complete the journal entries for Dec 2017 transactions. Show all calculations for full marks. (9 marks) Dr Date Dec 1, 2017 Other Income Experten Statement of Comprehensive Income for the year ended Dec 2011 Net Income Other Comprehensive Income Total Other Comprehensive Income Total Comprehensive Income -) What is the amount of Retained Earnings on Balance Sheet as of Dec 31, 2017 Show all calculations for full marks. (4 marks) Zurich Corporation had the following equity Investment portfolio January 1, 2017 Investment Jones Corp Bountiful Inc Intention Trade Hold of Trade Quantity 1,500 5,000 Cost per share $4750 $36 00 Fair Value at Dec 31, 2016 $.46.00 $37 00 During the month of Dec 2017, the following transactions took place! Dec 1 2017: Zurich sold 1,500 shares of Jones Corp. at $45.20 per share. Dec 3, 2017: Zurich bought 500 shares of Bountiful at $35 per share. Dec 13, 2017: Bountiful Inc. paid $0.50 per share dividend Dec 31, 2017: Market price of Bountiful shares were $37.20 per share Requirements: Round all answers to 2 decimal places. a) Complete the journal entries for Dec 2017 transactions. Show all calculations for full marks. (9 marks) Dr Date Dec 1, 2017 Other Income Experten Statement of Comprehensive Income for the year ended Dec 2011 Net Income Other Comprehensive Income Total Other Comprehensive Income Total Comprehensive Income -) What is the amount of Retained Earnings on Balance Sheet as of Dec 31, 2017 Show all calculations for full marks. (4 marks)