On December 31,2021, the end of its first year of operations, Wildhorse Associates owned the following securities that are held as

On December 31, 2021, the end of its first year of operations. Wildhorse Associates owned the following securities that are held as long-term investments Common Stock Shares Cost C Co. 1,050 $50,400 D C 5,090 38,175 E Co. 1.199 25.179 On this date, the total fair value of the securities was equal to its cost. The securities are not held for influence or control over the Investees. In 2022, the following transactions occurred, July 1 Received $2.00 per share semiannual cash dividend on D Co. common stock Received $0.50 per share cash dividend on C Co. common stock Aug 1 Sept 1 Sold 1.020 shares of Co. common stock for cash at 58 per share Oct. 1 Sold 310 shares of C Co. common stock for cash at $52 per share. Nov. 1 Dec. 15 Received $1 per share cash dividend on E Co.common stock Received $0.50 per share cash dividend on Co.common stock, Received $2,00 per share semiannual cash dividend on D Co. common stock 31 At December 31, the fair values per share of the common stocks were C.Co $47, D Co. $7.30, and E Co. $25. These investments should be classified as long term. (a) Journalize the 2022 transactions. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts) Journalize the 2022 transactions. (Record journal entries in the order presented in the problem. Credit account titles are automatically Indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts) Date Account Titles and Explanation Debit Credit Post to the account Stock Investments. Stock Investments