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

Feb.		17		Purchased 600 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 40,000 of the 100,000 outstanding shares of Olde Company for $400,000. Goodwill of $90,000 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 $30,000.
Oct.		1		Purchased 3,000 bonds of Alpha Company for $16 per bond plus a brokerage fee of $500. These bonds are classified as securities available for sale.
Dec.		31		Medical Co. shares are selling for $30 and Alpha stock is selling for $13.

Required: Prepare the appropriate journal entries to record the transactions for the year including year-end adjustments. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)