Assessing Financial Statement Effects of Passive Investments in Equity Securities For the following transactions involving investments in marketable securities, assume that: (1) Ohlson Co. purchases 5,000 common shares of Freeman Co. at $16 cash per share. (2) Ohlson Co. receives a cash dividend of $1.25 per common share from Freeman. (3) Year-end market price of Freeman common stock is $17.50 per share. (4) Ohlson Co. sells all 5,000 common shares of Freeman for $86,400 cash. a. Prepare journal entries to record the four transactions. b. Post the journal entries from a to their respective T-accounts. c. Record each of the transactions from a in the financial statement effects template. a. General Journal Description Debit Credit