Ivanhoe Inc. had these transactions pertaining to investments in common stock:

Jan.	1		Purchased 1,225 shares of Gate Corporation common stock (5% of outstanding shares) for $62,475 cash.
July	1		Received a cash dividend of $7 per share.
Dec.	1		Sold 898 shares of Gate Corporation common stock for $48,010 cash.
	31		Received a cash dividend of $7 per share.

Journalize the transactions.

Date	Account Titles and Explanation	Debit	Credit
Jan. 1
July 1
Dec. 1
Dec. 31