On April 2, 2021 Albert company purchased 10,000 shares of Innovative Industrial Properties (NYSE: IIPR) for $124 per share. IIPR paid dividends of $4.96 per share in September of that same year. On December 31, 2021 IIPR closed at $135 per share. IIPRs net income for 2021 was $21,727,000. Albert sold all of its IIPR shares on January 3, 2022 for $137 per share.

Alberts journal entries

1. Purchase on 04/02/2021

2. Receipt of the September dividend payment

3. December 31, 2021 adjusting entry or entries related to this investment. If no entry is required, just write, no entry.

4. 01/03/22 sale of the stock