Jackson Company engaged in the following investment transactions during the current year. February 17 Purchased 500 shares of Medical Company common stock for $20 per share plus a brokerage commission of $100. Jackson does not have significant influence over Medical. April 1 Bought 30,000 of the 100,000 outstanding shares of Olde Company for $300,000. Goodwill of $80,000 was included in the price. June 25 Received a $1.20 per share dividend on Medical Company stock. June 30 Olde Company reported second-quarter profits of $20,000. October 1 Purchased 2,000 bonds of Alpha Company for $15 per bond plus a brokerage fee of $400. These bonds are classified as securities available-forsale. December 31 Medical Company shares are selling for $25 and Alpha bonds are selling for $12. Required: Prepare the appropriate journal entries to record the transactions for the year, including yearend adjustments.