During December of the current year, James Company acquired some of the 48,900 outstanding shares of the common stock, par $12, of Andrew Corporation as available-for-sale investments. The accounting period for both companies ends December 31. Dec 2 Purchased 6,330 shares of Andrew common stock at $27 per share. Dec 15 Andrew Corporation declared and paid a cash dividend of $3 per share. Dec 31 Determined the current market price of Andrew stock to be $23 per share.

Prepare the journal entries for each of the following transactions that occurred during the current year. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)