Grover Co. executed the following long-term investment transactions during the current year.

Jan. 8	Purchased 1,100 shares of Big Auto Co. for $50 per share plus brokerage costs of $200. These shares were classified as trading securities.
Feb 28	Purchased 52,500 of the 175,000 outstanding common shares of Gator Corp. for $500,000. The cost of the investment exceed the book value of the net assets acquired by $60,000 which represents the investor's interest in the excess of fair value over the carrying value of depreciable assets with a remaining life of ten years.
May 15	Received a $2.00 per share dividend on Big Auto Co. shares.
May 31	Gator Corp. reported second quarter earnings (total) of $50,000.
Aug 8	Acquired 3,000 shares of Mink Company's stock for $20 per share plus $400 transaction costs. These shares were classified as available-for-sale securities.
Dec. 31	Market values of Big Auto Co. and Mink Co. stock were $55 and $18 per share, respectively.

Prepare journal entries with appropriate supporting computations for the year's transactions.