Abdul Corporation purchased 400 common shares of Sigma Inc. for trading purposes for $13,200 on September 8 and accounted for the investment under ASPE at FV-NI. In December, Sigma declared and paid a cash dividend of $1.75 per share. At year end, December 31, Sigma shares were selling for $35.50 per share. In late January, Abdul sold the Sigma shares for $34.95 per share.

Prepare Abduls journal entries to record:

(a) the purchase of the investment, (b) the dividends received, (c) the fair value adjustment at December 31, and (d) the January sale of the investment.