On August 1, Ivanhoe Company buys 1,000 shares of Estrada common stock for $32,000 cash. On Decernber 1 , Ivanhoe sells the stock investments for $35,000 in cash. Journalize the purchase and sale of the commonstock. (List all debit entries before credit entries. Credit account tities are outomatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No entry" for the account titles and enter Ofor the amounts.)