On December 31, 2015, Turnball Associates owned the following securities, held as a long-term investment. The securities are not held for influence or control of the investee. Common Stock Gehring Co. Wooderson Co. Kitselton Co. Shares 2,070 5,160 1,610 Cost $57,960 51,600 33,810 On December 31, 2015, the total fair value of the securities was equal to its cost. In 2016, the following transactions occurred. July 1 Aug. 1 Sept. 1 Oct. 1 Nov. 1 Dec. 15 Dec. 31 Received $1 per share semiannual cash dividend on Wooderson Co. common stock. Received $0.50 per share cash dividend on Gehring Co. common stock. Sold 1,548 shares of Wooderson Co. common stock for cash at $9 per share. Sold 828 shares of Gehring Co. common stock for cash at $31 per share. Received $1 per share cash dividend on kitselton Co. common stock. Received $0.50 per share cash dividend on Gehring Co. common stock. Received $1 per share semiannual cash dividend on Wooderson Co. common stock. At December 31, the fair values per share of the common stocks were: Gehring Co. $30, Wooderson Co. $9, and Kitselton Co. $19. (a) Your answer is partially correct. Try again. Journalize the 2016 transactions and post to the account Stock Investments. (Use the T-account form.) (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter o for the amounts.) Date Account Titles and Explanation Debit Credit July 1 Cash 5160 Dividend Revenue 5160 Dec. 31TCash 5160 Dividend Revenue 5160 Stock Investments TJan. 1 Bal. IT Sept. 1 TOct. 1 Dec. 31 Bal