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Required information [The following information applies to the questions displayed below.] Lisa Company had outstanding 170,000 shares of common stock. On January 10, 2021, Marg Company purchased a block of these shares in the open market at $10 per share. At the end of 2021, Lisa reported net income of $100,000 and cash dividends of $0.20 per share. At December 31, 2021, Lisa Company stock was selling at $9 per share. -a. Prepare the journal entries for Marg Company at the dates indicated for Case A: 25,500 shares purchased. -b. Prepare the journal entries for Marg Company at the dates indicated for Case B: 64,600 shares purchased. 3. Complete the following schedule to show the separate amounts that should be reported on the 2021 financial statements of Marg Company: Complete this question by entering your answers in the tabs below. Prepare the journal entries for Marg Company at the dates indicated for Case A: 25,500 shares purchased. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) 1 Record the acquisition of 25,500 shares of Lisa Company on January 10. 2 Record the entry to recognize the $100,000 net income 10. reported by Lisa Company for 2021 . 3 Record the entry to recognize the dividends paid by Lisa Company. Complete this question by entering your answers in the tabs below. Prepare the journal entries for Marg Company at the dates indicated for Case B: 64,600 shares purchased. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) 1 Record the acquisition of 64,600 shares of Lisa Company on January 10. 2 Record the entry to recognize the $100,000 net income 10. reported by Lisa Company. 3 Record the entry to recognize the dividends paid by Lisa Company. 4 Record the entry to recognize the fair value adjustment of Lisa Company's stock at the end of the year. Note : = journal entry has been entered Complete the following schedule to show the separate amounts that should be reported on the 2021 financial statements of Marg Company: (Enter any losses with a minus sign.)

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