Focus Ltd. completed the following investment transactions. Journalize the transactions, providing explanations. i (Click on the icon to view the transactions.) Make the journal entry to record the purchase of 10,000 common shares of Levell Inc. at a price of $45.00 per share. Brokerage commissions were $425. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Journal Entry Date 2019 Oct. 16 Accounts Debit Credit Transactions 2019 Oct. 16 31 2020 Feb. 15 Purchased 10,000 of the 60,000 outstanding common shares of Levell Inc. at a price of $45.00 per share; Levell Inc. is known for its generous dividends, so Focus Ltd. plans to hold the investment for more than one year. Brokerage commissions were $425. Received a cash dividend of $2.00 per share on the Levell Inc. shares. At Focus Ltd.'s year end, adjusted the investment to its fair value of $46.00 per share. Suddenly needing cash, Focus Ltd. sold half the Levell Inc. shares for $49.00 per share. Brokerage commissions were $260. Make the journal entry to record the cash dividend of $2.00 per share on the Levell Inc. shares received on December 1, 2019. (Record debits Dec. 1 Journal Entry Date Accounts Debit Credit 2019 Dec. 1 Print Done Make the journal entry to record the adjustment to fair value of $46.00 per share on December 31, 2019. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Journal Entry Date 2019 Dec. 31 Make the journal entry to record the sale of half Accounts Debit Credit f the Levell Inc. shares at $49.00 per share with commissions of $260 on February 15, 2020. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.)