Jackson Company engaged in the following investment transactions during the current year.

February 17	Purchased 470 shares of Medical Company common stock for $25 per share plus a brokerage commission of $50. Jackson does not have significant influence over Medical.
April 1	Bought 27,000 of the 100,000 outstanding shares of Olde Company for $270,000. Goodwill of $77,000 was included in the price.
June 25	Received a $1.10 per share dividend on Medical Company stock.
June 30	Olde Company reported second-quarter profits of $17,000.
October 1	Purchased 1,700 bonds of Alpha Company for $16 per bond plus a brokerage fee of $370. These bonds are classified as securities available-for-sale.
December 31	Medical Company shares are selling for $30 and Alpha bonds are selling for $13.

Required:

Prepare the appropriate journal entries to record the transactions for the year, including year-end adjustments.

Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field.