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  3. danger group purchased 100 common shares of power

Danger Group purchased 100 common shares of Power Company for $350 and 200 shares of...

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Danger Group purchased 100 common shares of Power Company for $350 and 200 shares of Pucker Company for $760 on January 1, 2019. Power has 800 common shares outstanding, and earned $1,200 of net income in 2019. On December 31, 2019, Power paid $1 per share of cash dividends. The market price of Power's stock on this date was $4 per share. Give Danger's journal entries relating to the Power investment for 2019. Pucker has 570 common shares outstanding, and earned $10,000 of net income in 2019. On December 31", 2019, Pucker paid $1.50 per share of cash dividends. The market price of Pucker's stock on this date was $3.20 per share. Give Danger's journal entries relating to the Pucker investment for 2019

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