On January 2, 2018, Alpaca Company purchased 15,000 shares

of the stock of Zebra Company, and did not obtain significant influence.  The investment is intended as a long-term investment.  The stock was purchased for $12 per share, and represents a 10% ownership stake.  Zebra Company made $55,000 of net income in 2018, and paid dividends of 50 cents per share on December 15, 2018.  On December 31, 2018, Zebra Company’s stock was trading on the open market for $15 per share at the end of the year.  Use this information to prepare the General Journal entry(ies) (without explanation) for January 2 purchase and the December 15 & 31, 2018 record of income & gain/loss. If no entry is required then write “No Entry Required.”
-Allstar Company signed a $200,000 mortgage on July 1, 2018 for the purchase of their new garage building. The mortgage entailed equal monthly payments of $2,800 at the end of each month. The interest rate is 5.0% per year.  How much interest expense will be paid on August 31, 2018? (Round your answer to the nearest whole dollar.)
-On January 1, 2018, Baltimore Company issued $100,000 face value, 5%, 5-year bonds at 102.  Interest is paid annually on January 1. Baltimore uses the straight-line method for amortization. Use this information to determine the dollar value of the interest expense for the 2018 fiscal year. Round your answer to the nearest whole dollar.
-At fiscal year end, December 31, 2018, Somerset Corporation had total stockholders’ equity of $3,900,000. On FY 2018 year end, Somerset Corporation had Common Stock account of $1,000,000 of $10 par value common stock and Preferred Stock account of $150,000 of $100 par value.  There was no treasury stock. The preferred stock was noncumulative and had a call price of $103.  Use this information to determine the book value per share of Common Stock as of end of the FY 2018: (Round your answer to the nearest penny.)