Accounting for Equity Securities-Noninfluential The Glass Company had the following transactions and adjustment related to a stock investment: 2016 Nov. 15: Purchased 6.000 shares of Erie, incis common stock at $12.25 per share phus a brokerage cominission of $750 Glass expects to sell the stock in the near fuecre. Giass s unable to exerove any signiticam infuence controt over Erie. Dec. 22 Rieceived a carh didend of 31.35 per share of tommon stock trom Erie Dec 31 Made the adjusting entry to reflect yearend fair value of the sock investment in Erie The year thd market price of the Erie comimon stock is 511.50 per share. 2017 jan 20 Sold ail 6,000 vhares of the Erie common stock tor $66,900 Record the transactions and adjustment of the Glass Company using journal entries