6. Jackson Company engaged in the following investment transactions during the current year. Jan 12 Feb 25 Purchased 600 shares of Joint Company common stock for $27.50 per share, plus commission of $15 Jackson does not exert influence over Joint Company Bought 35,000 shares of Smith & Jones, Inc., representing 28% of the total common shares, for $14.25 per share Mar 31 Received a dividend from Joint Company of $2.30 per share Jul 22 Nov 9 Dec 31 Smith & Jones, Inc. reported 2nd quarter profits of $47,800 Purchased 150 bonds, par of $100, of Gentle Company at 92.5 per bond, plus brokerage fee of $1,300. The bonds are classified as securities available for sale The shares of Joint Company are selling for $32.50 per share, the Gentle bonds are selling at 98.5, and the shares of Smith & Jones are selling for $16.85 per share Required: Prepare the appropriate journal entries to record the transactions for the year including year-end adjustments. Show calculations