Entries for equity investments: 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. Purchased for cash 1,350 shares of Celeste Inc.'s common stock for $64 per share plus a $675 brokerage commission. Celeste Inc. has 82,000 shares of common stock outstanding. 2 Mar. 6 June 7 Received dividends of $0.30 per share on Celeste Inc. stock. Purchased 900 shares of Celeste Inc. stock for $71 per share plus a $450 brokerage commission. July Sold 1,500 shares of Celeste Inc. stock for $76 per share less a $750 brokerage commission. Quan assumes 26 that the first investments purchased are the first investments sold. Sept. 25 Received dividends of $0.40 per share on Celeste Inc. stock. Dec. At the end of the accounting period, the fair value of the remaining 750 shares of Celeste Inc. stock was $55,625. 31 If an amount box does not require an entry, leave it blank. When required, round final answers to the nearest dollar. Feb. 2 Mar. 6 June 7 July 26 Sept. 25