On December 31, 2020, Sandhill 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. Shares 1,900 5,200 Cost $60,800 46,800 33,000 Kitselton Co. 1,500 On December 31, 2020, the total fair value of the securities was equal to its cost. In 2021, the following transactions occurred: 1 Aug. Sept. 1 Oct. 1 Received $0.50 per share cash dividend on Gehring Co.common stock. Sold 1,560 shares of Wooderson Co. common stock for cash at $8 per share. Sold 760 shares of Gehring Co.common stock for cash at $35 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 annual cash dividend on Wooderson Co. common stock. Nov. 1 Dec. 15 Dec. 31 At December 31, the fair values per share of the common stocks were: Gehring Co. $34, Wooderson Co. $8, and Kitselton Co. $20. Journalize the 2021 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 for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Aug. 1 Cash Dividend Revenue Sept. 1 Cash Loss on Sale of Stock Investments Stock Investments Oct. 1 Cash Gain on Sale of Stock Investments Stock Investments Nov. 1 Cash Dividend Revenue Dec. 15 7 Cash Dividend Revenue Dec. 31 Cash Dividend Revenue