1 1 1 In January 2022, the management of Crane Company concludes that it has sufficient cash to purchase some short-term investments in debt and stock securities. During the year, the following transactions occurred. Jan. Purchased 68 $1,000,7% TRC bonds for $68,000, Interest is payable annually on December 31. Feb. Purchased 1,150 shares of LAF common stock for $46,000. Mar. Purchased 470 shares of NCL common stock for $18,800. July Received a cash dividend of $0.90 per share on the LAF common stock Aug Sold 183 shares of LAF common stock at $39 per share. Sept. Received $2 per share cash dividend on the NCL common stock. Dec 31 Received the annual interest on the TRC bonds. 31 Sold the TRC bonds for $78,850. 1 1 1 At December 31, the fair values of the LAF and NCL common stocks were $36 and $33 per share, respectively. These stock investments by Crane Company provide less than a 20% ownership interest. Journalize the above transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Aug. 1 (To record interest) (To record sale of bonds)