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Aurora Cosmetics Ltd. acquired 40% of Diner Corporation's 59,000 common shares for $16 per share on January 1, 2018. On June 15, Diner declared a cash dividend of $138,000 to all of its shareholders and Aurora received its share of the dividend on the same day. On December 31, Diner reported net income of $302,000 for the year. At December 31, Diner's shares were trading at $22 per share. Aurora accounts for this investment using the equity method. Aurora Cosmetics also acquired 15% of the 389,000 common shares of Bell Fashion Ltd for $28 per share on March 18, 2018. On June 30, Bell declared a $275,000 dividend to all of its shareholders and Aurora received its share of these dividends on that day. On December 31, Bell reported net income of $620,000 for the year. At December 31, Bell's shares were trading at $26 per share. Aurora intends to hold onto the Bell shares as a long-term Investment for the dividend income. Aurora uses the fair value through profit or loss model for this investment. Record the above transactions for the year ended December 31, 2018. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit Date Account Titles and Explanation Debit Credit (To record Aurora's share of Diner's profit.) (To record unrealized gain / (loss) on investments.)

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