Journalize the following investment transactions of Investlab Inc.:

Aug 6 Purchased 1,200 Elite Corporation common shares as a long-term investment, paying $90.00 per share. Investlab Inc. exerts no significant influence on Elite Corporation. Commissions on the purchase were $1,400.

Sep 12 Received cash dividends of $1.90 per share on the Elite Corporation investment.

Nov 23 Received 180 Elite Corporation common shares in a 15 percent stock dividend.

Dec 4 Unexpectedly sold all the Elite Corporation shares for $88.00 per share, less commissions on the sale of $1,050.