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8. On May 15, 2018, Sandler Co. invests $17,000 in Max, Inc. stock. Max pays Sandler a $400 dividend on November 15, 2018. Sandler sells the Max stock on December 10, 2018, for $16,700. Assume the Sandler Co. does not have significant influence over Max, Inc. Journalize the 2018 transactions related to Sandler's investment in Max stock. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Begin by journalizing Sandler's initial investment in Max, Inc., stock on May 15, 2018. Date Accounts and Explanation Debit Credit 2018 May 15 Cash 400 Dividend Revenue 400 Received cash dividend. Next, journalize Sandler's receipt of the November 15, 2018 dividend. Next, journalize Sandler's receipt of the November 15, 2018 dividend. Date 2018 Nov. 15 Accounts and Explanation Debit Credit Now journalize Sandler's sale of the Max, Inc., stock on December 10, 2018. Date 2018 Dec. 10 Accounts and Explanation Debit Credit Available-for-Sale Debt Investments Cash Dividend Revenue e Interest Revenue es Equity Investments Fair Value Adjustment-Available-for-Sale Fair Value Adjustment-Trading Gain on Disposal le S Held-to-Maturity Debt Investments Loss on Disposal Trading Debt Investments Unrealized Holding Loss-Available-for-Sale Adjusted available-for-sale debt securities to market value. Adjusted trading debt securities to market value Disposed of bond at maturity. Disposed of investment in stock. Purchased investment in bonds. Purchased investment in stock. Received cash divideng