1. On January 3, 2022, Castle Corporation purchased the following equity securities as an investme Number of Shares Cost of Share 400 2,000 800 Company A B с These securities are classified as available for sale. Required: $20 12 22 Company A B с Prepare the journal entry to record the acquisition of the stock. b. On June 30, 2022, C Company paid dividends of $3.00 per share. Prepare the journal entry that would be used by Castle to record the dividend receipt. On December 31, 2022, the market values per share were: Market Value $22 12 20 Total Cost $ 8,000 24,000 17,600 Prepare any journal entry or entries necessary to record these changes in market value. d. On March 14, 2023, Castle sold 800 shares of C Company for $18 per share. Prepare the journal entry to record the sale.

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