Questiоn 9 & 10 shаre а cоmmоn fаct pattern: On March 1, 2014, Rocky Inc purchases 400,000 shares of Knightro Inc for $15 per share. This investment gives Rocky ownership of 7% of Knightro’s outstanding shares. In June of 2014, Knightro pays a $.50 per share dividend to common shareholders. At year-end (December 2014), Knightro stock is trading at $12 per share. Knightro reports net income for the 2014 fiscal year as $600,000. Question 9: Please record the necessary 2014 journal entries on Rocky’s books pertaining to their investment in Knightro (including the initial purchase on March 1st of 2014).