Rapid City Corp. invests in the publicly traded stock of Newcastle, Inc. Record the following transactions in the financial statements effects template below. Assume the transactions occur in 2018.
1) Purchased 2,000 shares of Newcastle, Inc.'s common stock for $57.60 per share. Rapid City has no influence over Newcastle's business decisions.
2) Received a cash dividend of $2.16 per share from Newcastle.
3) Year-end market price of Newcastle's common stock is $68.40 per share.
4) Sold all 2,000 shares for $74.40 per share, the closing price for the day.

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The Answer of Rapid City Corp. invests in the publicly traded stock of Newcastle, Inc. Record the following transactions in the financial statements effects template below. Assume the transactions occur in 2018.
1) Purchased 2,000 shares of Newcastle, Inc.'s common stock for $57.60 per share. Rapid City has no influence over Newcastle's business decisions.
2) Received a cash dividend of $2.16 per share from Newcastle.
3) Year-end market price of Newcastle's common stock is $68.40 per share.
4) Sold all 2,000 shares for $74.40 per share, the closing price for the day.