Jackson Company engaged in the following investment transactions during the current year. February 17 Purchased 510 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 31,000 of the 100,000 outstanding shares of Olde Company for $310,000. Goodwill of $81,000 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 $21,000. october 1 Purchased 2,100 bonds of Alpha Company for $16 per bond plus a brokerage fee of $410. 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. Answer is complete but not entirely correct. \begin{tabular}{|c|c|c|c|c|c|} \hline No & Date & \multicolumn{2}{|c|}{ General Journal } & Debit & Credit \\ \hline \multirow[t]{2}{*}{1} & February 17 & Investment in equity affiliate & & 12,550 & \\ \hline & & Cash & 2 & & 12,550 \\ \hline \multirow[t]{2}{*}{2} & April 01 & Investment in equity affiliate & 2 & 310,000 & \\ \hline & & Cash & 2 & & 310,000 \\ \hline \multirow[t]{2}{*}{3} & June 25 & Cash & ( & 550 & \\ \hline & & Investment revenue & 2 & & 550 \\ \hline \multirow[t]{2}{*}{4} & June 30 & Investment in equity affiliate & ( & 6,510 & \\ \hline & & Investment revenue & 2 & & 6,510 \\ \hline \multirow[t]{2}{*}{5} & October 01 & Fair value adjustment (Alpha) & & 34,010 & \\ \hline & & Cash & 2 & & 34,010 \\ \hline \multirow[t]{2}{*}{6} & December 31 & Investment in equity securities & & 2,800 & \\ \hline & & Gain on investments (unrealized, NI) & & & 2,800 \\ \hline \multirow[t]{2}{*}{7} & December 31 & Gain on investments (unrealized, NI) & & 8,810 & \\ \hline & & Fair value adjustment (Alpha) & 2 & & 8,810 \\ \hline \end{tabular}