Entries for equity ifvestments: less than 20% ownership Quan Corp. manufactures construction equipment. Journalize the entries to record the following selected equity investment transactions completed by Quan during a recent year using the fair value method. Feb. 2 Purchased for cash 1,600 shares of Celeste Inc's common stock for $44 per share plus a $800 brokerage commission. Celeste Inci, has 84,000 shares of common stock outstanding. Mar. 6 Recelved dividends of $0.20 per share on Celeste Inc. stock. June 7. Purchased 1,050 shares of Celeste Inc. stock for $54 per share plus a $525 brokerage commission. July 26 Sold 1,800 shares of Celeste Inc, stock for $60 per share less a $900 brokerage commission. Quan assumes that the first investments purchased are the first investments sold. Sept. 25 Received dividends of $0.30 per share on Celeste Inc. stock. Dec. 31 At the end of the accounting period, the fair value of the remaining 850 shares of Celeste Inc. stock was $49,325. If an amount box does not require an entry, leave it blank. When required, round final answers to the nearest dollar. T. Check My Work When recording the purchase of the investment, consider the amount of the brokerage commission. Record the revenue earned. When recording the cash received, consider the commission. To complete the entry determine and gain or loss to be recorded