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Crown Company purchased 14,000 shares of the stock of Lyle Company

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Crown Company purchased 14,000 shares of the stock of Lyle Company. an 
ence. The stment is intended as a long-term investment. The stock 
are and represents a 10 At ownership stake. Lyle Company made $55,000 20lli. and paid dividends of SO cents per share on December 15, 201. On December 3 MIS. Lyle 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 entriAies) (without explanation) for January ttrchase and the December 15 & 31. 2018 record of income & gainfloss. if no entry is required write No Entry Required."ra 
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