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Lucy Inc. had the following transactions in 2017 pertaining to investments in common Stock. Jan. 1 Purchased 4,000 shares of Morgan Corporation common stock (5%)

Lucy Inc. had the following transactions in 2017 pertaining to investments in common Stock. Jan. 1 Purchased 4,000 shares of Morgan Corporation common stock (5%) for $180,000 cash. July 1 Received a cash dividend of $3 per share. Dec. 1 Sold 600 shares of Morgan Corporation common stock for $32,000 cash. Dec. 31 Received a cash dividend of $3 per share. Journalize the transactions

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