Journalize the following transactions for Batson Co. Sept. 1 Batson Co. purchased 1,200 of the 100,000 outstanding shares of Michael Corp, stock for $20.75 per share plus a $70 commission Dec 31 Michael Corp.'s total earnings for the period are 584,000 31 Michael Corp. paid a total of $40,000 in cash dividends to shareholders of record, If no entry is required, select "No Entry Required" and leave the amount boxes blank. If an amount box does not require an entry, leave it blank. Sept. 1 Investments-Michael Corp. Stock Dec. 31 Dec. 31