Oliver Corp. owns numerous investments in the shares of other companies. Assume Oliver Corp. completed the following investment transactions: 

2020

Jan. 1 Purchased 12,000 common shares (total issued and outstanding common shares, 50,000) of Canadian Parts Corp. at a cost of $950,000. Brokerage commissions on the purchase were $20,000.

Jan. 2 Purchased an additional 2,000 Canadian Parts Corp. common shares at a cost of $162,000. Brokerage commissions on the purchase were $1,500.

Sep. 15 Received semi-annual cash dividend of $3.20 per share on the Canadian Parts Corp. investment.

Oct. 12 Purchased 1,000 Sharma Ltd. common shares as a short-term investment, paying $33.00 per share plus brokerage commission of $1,000.

Dec. 14 Received semi-annual cash dividend of $1.50 per share on the Sharma Ltd. investment.

31 Received annual report from Canadian Parts Corp. Net income for the year was $800,000. Of this amount, Oliver Corp.’s proportion is 28 percent. The current market value for 1,000 Sharma Ltd. shares is $31,000. 

2021

Feb. 6 Sold 2,000 Canadian Parts Corp. shares for cash of $168,500, less brokerage commissions of $1,550.

Required

Record the transactions in the general journal of Oliver Corp.; the company’s year-end is December 31.