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

Feb.		17		Purchased 560 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 36,000 of the 100,000 outstanding shares of Olde Company for $360,000. Goodwill of $86,000 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 $26,000.
Oct.		1		Purchased 2,600 bonds of Alpha Company for $15 per bond plus a brokerage fee of $460. These bonds are classified as securities available-for-sale.
Dec.		31		Medical Co. 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 year-end adjustments