Quan Corp. manufactures construction equipment. Journalize the entries to record the following selected equity investment transactions completed by Quan during a recent year using the fair value method. 

Feb. 2 Purchased for cash 3,100 shares of Celeste Inc.'s common stock for $32 per share plus a $124 brokerage commission. Celeste Inc. has 80,000 shares of common stock outstanding. 

Mar. 6 Received dividends of $0.45 per share on Celeste Inc. stock. 

June 7. Purchased 1,400 shares of Celeste Inc. stock for $38 per share plus a $56 brokerage commission. 

July 26. Sold 4,000 shares of Celeste Inc. stock for $41 per share less a $100 brokerage commission. Quan assumes that the first investments purchased are the first investments sold. 

Sept. 25 Received dividends of $0.62 per share on Celeste Inc. stock. 

Dec. 31 At the end of the accounting period, the fair value of the remaining 500 shares of Celeste Inc. stock was $20,720.