California Designs is diversifying its investment portfolio by making a small investment (less than 5%) in the common stock of Oregon Outfitters. California Designs engages in the following transactions relating to its investment: January 1 Purchases 1,300 shares of Oregon Outfitters common stock for $21 per share. July 12 Sells 330 shares of Oregon Outfitters stock for $19 per share. September 30 Receives a cash dividend of $1 per share. December 31 Adjusts the investment to fair value. The fair value of Oregon Outfitters stock is now $16 per share. 1. Record each of these transactions, including the December 31 adjustment to fair value. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) 2. Calculate the balance of the Investments account on December 31