1. Jackson Company engaged in the following investment transactions during the current year. Feb. 17 Purchased 500 shares of Medical Company common stock for $20 per share plus a brokerage commission of $100. Jackson does not have significant influence over Medical. April 1 Bought 30,000 of the 100,000 outstanding shares of Olde Company for $300,000. June 25 Received a $1.20 per share dividend on Medical Company stock June 30 Olde Company reported second-quarter profits of Oct. 1 Purchased 2,000 bonds of Alpha Company for $15 per bond. These $20,000. bonds are classified as securities available for sale. Medical Co. shares are selling for $25 and Alpha bonds are selling for $12. Dec. 31 On the next page, prepare the appropriate journal entries to record the transactions for the year including year-end adjustments. Show calculations. Required