Journalize the following:

a) Purchased 1200 shares of Spring Corporation common stock at $15 per share plus a brokerage fee of $50. Spring Corporation has 20,000 shares outstanding.

b) Purchased an influential interest in Sunshine Co. for $45000 by purchasing 4,800 shares of the 10,000 of the outstanding.

c) Received a cash dividend of $.50 per share on the Spring Corporation stock acquired in (a).

d) Received a cash dividend of $1.00 per share on the Sunshine Co. stock acquired in (b).

e) Sunshine Co. reported net income of 100,000. Recorded the appropriate amount of Sunshine Co. net income using the percentage of stock acquired in (b).