Kalkay Inc $\$ 75$ Per Share
Kalkay Inc, Intends to Hold the Investment for a

Kalkay Inc.needs to account for the following investment transactions:
2017
Jan. 15 Purchased 10,000 Bright Corporation common shares, paying $\$ 75$ per share.
Kalkay Inc, intends to hold the investment for a long period of time
and has classified the investment as a long-term investment.

Jun. 30 Received a cash dividend of $\$ 1.50$ per share on the Bright Corporation common shares.
Dec. 31 At year end Bright Corporation's shares were valued at $\$ 70$ per share. 2018
Nov 30 Received a cash dividend of $\$ 2.00$ per share on the Bright Corporation common shares.
Dec. 31 At year end Bright Corporation's shares were valued at $\$ 73$ per share. 2019
Mar 31 Kalkay Inc, despite their original intentions,sold $50 \%$ of their
Bright Corporation common shares for $\$ 76.00$ per share due to
a cash shortage they were experiencing.

May 31 Received a cash dividend of $\$ 1.75$ per share on the Bright Corporation common shares
Dec. 31 At year end Bright Corporation's shares were valued at $\$ 77$ per share. Prepare journal entries for the above transactions.