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Selk Steel Co., which began operations on January 4, 2013, had the following subsequent transactions and events in its long-term investments.

2013

Jan.	5	Selk purchased 50,000 shares (20% of total) of Kildaire's common stock for $1,350,000.
Oct .	23	Kildaire declared and paid a cash dividend of $4.00 per share.
Dec.	31	Kildaire's net income for 2013 is $1,244,000, and the fair value of its stock at December 31 is $30.80 per share.

2014

Oct.	15	Kildaire declared and paid a cash dividend of $2.90 per share.
Dec.	31	Kildaire's net income for 2014 is $1,556,000, and the fair value of its stock at December 31 is $32.80 per share.

2015
Jan.	2	Selk sold all of its investment in Kildaire for $1,820,000 cash. Part 1 Assume that Selk has a significant influence over Kildaire with its 20% share of stock. Required: 1. Prepare journal entries to record these transactions and events for Selk. (If no entry is required for a particular transaction, select "No journal entry required" in the first account field.) 2 Compute the carrying (book) value per share of Selks investment in Kildaire common stock as reflected in the investment account on January 1, 2015. (Round your answer to 1 decimal place.) 3. Compute the net increase or decrease in Selks equity from January 5, 2013, through January 2, 2015, resulting from its investment in Kildaire

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