Journalize stock investment transactions.
		Grace Company had the following transactions pertaining to stock investments.
Feb.	1	Purchased 1,300 shares of Warren common stock (3%) for $22,100 cash.
July	1	Received cash dividends of $2 per share on Warren common stock.
Sept.	1	Sold 500 shares of Warren common stock for $4,300.
Dec.	1	Received cash dividends of $3 per share on Warren common stock.
		Instructions
		(a) Journalize the transactions.
		(b) Explain how dividend revenue and the gain (loss) on sale should be reported in the income statement.