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Crane Company had the following transactions pertaining to its temporary stock investments. Jan. 1 Purchased 640 shares of Blue Company stock for $7,120 cash. June 1 Received cash dividends of $0.40 per share on the Blue Company stock. Sept. 15 Sold 400 shares of the Blue Company stock for $4,000 cash. Journalize the 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 Pina Colada Corp. had these transactions pertaining to debt investments: Jan. 1 Purchased 144 Blossom Company 10% bonds (each with a face value of $1,000) for $144,000 cash. Interest is payable annually on December 31. Dec. 31 Received annual interest on Blossom Company bonds. Dec. 31 Sold 48 Blossom Company bonds for $51,200. Journalize the 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 Jan. 1 Dec. 31 (To record interest received) Dec. 31 Cash Debt Investments Gain on Sale of Debt Investments (To record sale of bonds)