Investment in Available-for-Sale Securities—Journal Entries Bird Beak Corporation made the following available-for-sale securities transactions:

Jan. 14 Purchased 4,000 shares of Pinegar Corporation common stock at $20.80 per share.

Mar. 31 Received a cash dividend of $0.25 per share on the Pinegar Corporation stock.

Aug. 28 Sold 1,600 shares of Pinegar Corporation stock at $22.60 per share.

Dec. 31 The market value of the Pinegar Corporation stock was $24 per share.

Prepare journal entries to record the transactions.