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On January 1,2013 Blue Cat Corporation Purchased 1,000 Shares (5%)of

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On January 1,2013 Blue Cat Corporation purchased 1,000 shares (5%)of Mike Mouse Co.for $10,000 as a long term investment.On March 31,2014 Mike Mouse pays Blue Cat a $5,000 dividend.At year end December 31,2014 Mike Mouse shares are trading at $12 per share.Blue Cat then sells their investment in Mike Mouse Co for $11,500 on February 4,2015.Prepare Blue Cat's journal entries for 2013,2014 and 2015.

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Jan 1 2013
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