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

Jan $12$: Purchased $600$ shares of Joint Company common stock for $$27\mathrm{.}50$ per share, plus a commission of $$15$ Jackson does not exert influence over Joint Company

Feb $25$: Bought $35,000$ shares of Smith & Jones, Inc., representing $28\%$ of the total common shares, for $$14\mathrm{.}25$ per share

Mar $31$: Received a dividend from Joint Company of $$2\mathrm{.}30$ per share

Jul $22$: Smith & Jones, Inc. reported $2$nd quarter profits of $$47,800$

Nov $9$: Purchased $150$ bonds, par of $$100,$ of Gentle Company at $92\mathrm{.}5$ per bond, plus a brokerage fee of $$1,300.$ The bonds are classified as securities available for sale

Dec $31$: The shares of Joint Company are selling for $$32\mathrm{.}50$ per share, the Gentle bonds are selling at $98\mathrm{.}5,$ and the shares of Smith & Jones are selling for $$16\mathrm{.}85$ per share

Required:

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