For the year ended January 31, 2021, Harold Corporation held 25% of the shares of George Corporation as a long-term investment. The carrying value on the year end date was $5,500,000. The following investment transactions took place 2021: Feb 2 Purchased additional shares of George at a cost of $750,000. Brokerage commissions on the purchase were $21,000. Harold now owns 30% of George equity, but does not have control. Aug 17 George declared and paid out total dividends of $283,333. Dec 31 Received the annual report from George, and the total net income for the year was $3,960,000. Required a) Record the transactions in the general journal. b) Determine the balance in the Long-term investment account at Dec 31, 2020. Long-term Investment