7. Recording Investment Transactions (Estimated 12 points) Feb 17 Purchased 500 shares of Medical Company common for $20 per April 1 Bought 30,000 of the 100,000 outstanding shares of Olde 3 Jackson Company engaged in the following investment transactions during the current year. 0 share plus a brokerage commission of $100. These are trading securities. Company for $300,000. Goodwill of $80,000 was included in the price. June 25 Received a $1.20 per share dividend on Medical Company stock June 30 Olde Company reported second quarter profits of $20,000. Oct 1 Purchased 2,000 shares of Alpha Company for $15 per share plus a brokerage fee of $400. These shares are classified as available for sale. Medical Co. shares are selling for $25 and Alpha stock is selling for $12. Dec 31 Prepare appropriate journal entries to record the transactions for the year including year-end adjustments. Show calculations. Indicate "none" if no entry is required. February 17