Use the financial statement effects template to record the accounts and amounts for the following four transactions involving investments in marketable securities:

(1) Ohlson Co. purchases 5,000 common shares of Freeman Co. at \(\$ 16\) cash per share.
(2) Ohlson Co. receives a cash dividend of \(\$ 1.25\) per common share from Freeman.
(3) Year-end market price of Freeman common stock is \(\$ 17.50\) per share.
(4) Ohlson Co. sells all 5,000 common shares of Freeman for \(\$ 86,400\) cash.

a. Assume the investments are classified as trading.

b. Assume the investments are classified as available-for-sale.