Exercise 16-06 On February 1, Cullumber Company purchased 280 shares (2% ownership) of Givens Company common stock for $32 per share. On March 20, Cullumber Company sold 56 shares of Givens stock for $1,624. Cullumber received a dividend of $3.00 per share on April 25. On June 15, Cullumber sold 112 shares of Givens stock for $4,256. On July 28, Cullumber received a dividend of $1.75 per share. Prepare the journal entries to record the transactions described above. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry for the account titles and enter o for the amounts. Round answers to o decimal places, e.g. 5,275. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit