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- Required information [The following information applies to the questions displayed below.) On July 12, 2018, Rossow Corporation purchased 800 shares of Reimer Company for $28,000. The following information applies to the fair value of Reimer Company: 12/31/2018 12/31/2019 12/31/2020 Per Share $42 37 29 Reimer Company declares and pays cash dividends of $2 per share on May 1 of each year. Required: 1. Prepare journal entries to record the facts in the case, assuming Rossow owns less than 10 percent of Reimer's stock. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list X 1 Record the purchase of 800 shares of Reimer Company for $28,000. The company reports the purchase as marketable equity securities The - 2 Record the valuation adjustment, if required, assuming the fair value of Reimer Company's stock on December 31, 2018 is $42 per share. 3 Record the receipt of cash dividends on May 1, 2019 of $2 per share. bit 4 Record the valuation adjustment, if required, assuming the fair value of Reimer Company's stock on December 31, 2019 is $37 per share. M. + Dand the nint of na die donde Note : = journal entry has been entered Record entry Clear entry View g View transaction list X BE LIICIO VOIUC VINCILICI CUI party > SLUUN VII CUCITUCI 31, 2018 is $42 per share. 3 Record the receipt of cash dividends on May 1, 2019 of $2 per share. th Record the valuation adjustment, if required, assuming the fair value of Reimer Company's stock on December 31, 2019 is $37 per share. bit 5 Record the receipt of cash dividends on May 1, 2020 of $2 per share. 6 Record the valuation adjustment, if required, assuming the fair value of Reimer Company's stock on December 31, 2020 is $29 per share. Note : = journal entry has been entered Record entry Clear entry Vie

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