Early in its 2022 fiscal year (December 31 year end), Hades Company purchased 10,000 Kronos Corporation common shares for $26.18 per share, plus $1,800 in brokerage commissions. These securities were accounted for at FV-OCI (with no recycling), and transaction costs were capitalized. In September, Kronos declared and paid a dividend of $1.02 per share, and on December 31, 2022, the fair value of these shares was $271,500. On April 13, 2023, Hades sold all the Kronos shares at a price of $28.10 each, incurring $1,925 in brokerage commissions on the sale.

Required

Prepare the entries to record

1. The purchase of the Kronos shares,
2. The receipt of the dividend,
3. The fair value adjustment at December 31, 2022, and
4. All entries associated with the disposal of the investment on April 13, 2023. The company reclassifies any gains or losses to Retained Earnings upon disposition of the securities. (Hint: In part 4, first bring the investment to its April 13 fair value net of the brokerage commission.)