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Jackson Company engaged in the following investment transactions during the current year. Feb. 17 Purchased 490 shares of Medical Company common stock for $15 per

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

Feb. 17 Purchased 490 shares of Medical Company common stock for $15 per share plus a brokerage commission of $150. Jackson does not have significant influence over Medical.
April 1 Bought 29,000 of the 100,000 outstanding shares of Olde Company for $290,000. Goodwill of $79,000 was included in the price.
June 25 Received a $1.30 per share dividend on Medical Company stock.
June 30 Olde Company reported second-quarter profits of $19,000.
Oct. 1 Purchased 1,900 bonds of Alpha Company for $14 per bond plus a brokerage fee of $390. These bonds are classified as securities available for sale.
Dec. 31 Medical Co. shares are selling for $20 and Alpha stock is selling for $11.

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

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