Glacier Products Inc. is a wholesaler of rock climbing gear. The company began operations on January 1, Year 1. The following transactions relate to securities acquired by Glacier Products Inc., which has a fiscal year ending on December 31:

Year 1
Jan. 18.	Purchased 8,100 shares of Malmo Inc. as an available-for-sale investment at $54 per share, including the brokerage commission.
July 22.	A cash dividend of $0.45 per share was received on the Malmo stock.
Oct. 5.	Sold 2,400 shares of Malmo Inc. stock at $57 per share less a brokerage commission of $35.
Dec. 18.	Received a regular cash dividend of $0.45 per share on Malmo Inc. stock.
Dec. 31	Malmo Inc. is classified as an available-for-sale investment and is adjusted to a fair value of $51 per share. Use the valuation allowance for available-for-sale investments account in making the adjustment.
Year 2
Jan. 25.	Purchased an influential interest in Helsi Co. for $770,000 by purchasing 59,500 shares directly from the estate of the founder of Helsi. There are 170,000 shares of Helsi Co. stock outstanding.
July 16.	Received a cash dividend of $0.55 per share on Malmo Inc. stock.
Dec. 16.	Received a cash dividend of $0.55 per share plus an extra dividend of $0.10 per share on Malmo Inc. stock.
Dec. 31	Received $23,000 of cash dividends on Helsi Co. stock. Helsi Co. reported net income of $95,000 in Year 2. Glacier Products Inc. uses the equity method of accounting for its investment in Helsi Co.
Dec. 31	Malmo Inc. is classified as an available-for-sale investment and is adjusted to a fair value of $58 per share. Use the valuation allowance for available-for-sale investments account in making the adjustment for the increase in fair value from $51 to $58 per share.

Required:

1. Journalize the entries to record the preceding transactions. For a compound transaction, if an amount box does not require an entry, leave it blank. In your computations, round per share amounts to two decimal places.