Lafayette Corporation had no short-term investments prior to this year. It had the following transactions this year involving short-term stock investments with insignificant influence. April 16 Purchased 5,000 shares of Marshall Company stock at $27 per share. July 7 July 20 August 15 August 28 October 1 December 15 December 31 Purchased 3,500 shares of Twinings Company stock at $52 per share. Purchased 1,600 shares of Dade Company stock at $19 per share. Received an $1.20 per share cash dividend on the Marshall Company stock. Sold 3,000 shares of Marshall Company stock at $30 per share. Received a $3.80 per share cash dividend on the Twinings Company shares. Received a $1.40 per share cash dividend on the remaining Marshall Company shares. Received a $3.20 per share cash dividend on the Twinings Company shares. Requirement General Journal General Ledger Trial Balance Fair Value Adj Transaction Analysis Fin St Impact Prepare journal entries to record each of the transactions and events. Prepare the year-end adjustment to fair value, if any. View transaction list Journal entry worksheet < 1 2 3 4 5 6 7 8 9 > Purchased 5,000 shares of Marshall Company stock at $27 per share. Note: Enter debits before credits. Date Apr 16 Account Title Debit Credit Record entry Clear entry View general journal