On January 1, 2011, Freder Corporation purchased 7,500 shares of SportTech as a long-term investement for a total of $235,000. The 7,500 shares represent 30% of the outstanding (25,000) shares of SponTcch. Prepare the journal entries for Freder to record the following transactions and events: December 31, 2011: SportTech reported net income of $66,000 for 2011. February 1, 2012: Sold 1,875 of the SportTechshares for $34 per share. In addition, $1,350 in fees and commissions were paid by Fredet on this sale. November 1, 2012: Freder received a $0.90 per share cash dividend from SportTech. December 31, 2012: SportTech reported net loss of $46,000 for 2012