Samson Company is a wholesaler of men's hair products. The following transactions relate to certain securities acquired by Samson Company, which has a fiscal year ending on December 31 :

{Instructions}
Record the entries for the preceding transactions.obj. 5

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2006 Jan. 3. Purchased 4,000 shares of the 100,000 outstanding common shares of Nichols Corporation at 55 plus commission and other costs of $480. July 2. Received the regular cash dividend of $1.25 a share on Nichols Corporation stock. Dec. 5. Received the regular cash dividend of $1.25 a share plus an extra dividend of $0.10 a share on Nichols Corporation stock. 2009 (Assume that all intervening transactions have been recorded properly and that the number of shares of stock owned have not changed from December 31, 2006, to December 31, 2008.) Jan. 2. Purchased controlling interest in Telico Inc. for $540,000 by purchasing 32,000 shares directly from the estate of the founder of Telico. There are 128,000 shares of Telico Inc. stock outstanding. July 6. Received the regular cash dividend of $1.25 a share and a 4% stock dividend on the Nichols Corporation stock. Oct. 23. Sold 800 shares of Nichols Corporation stock at 68. The broker deducted com- mission and other costs of $140, remitting the balance. Dec. 10. Received a cash dividend at the new rate of $1.50 a share on the Nichols Cor- poration stock. 31. Received $38,000 of cash dividends on Telico Inc. stock. Telico Inc. reported net income of $260,000 in 2009. Samson uses the equity method of accounting for its investment in Telico Inc.