On January 2, 20Y4, Whitworth Company acquired 31% of the outstanding stock of Aloof Company for $330,000. For the year ended December 31 , 20Y4, Aloof Company earned income of $86,000 and paid dividends of $26,000. On January 3120Y5, Whitworth Company sold all of its investment in Aloof Company stock for $345,100. Journalize the entries for Whitworth Company for the purchase of the stock, the share of Aloof income, the dividends received from Aloof Company, and the sale of the Aloof Company stock. If an amount box does not require an entry, leave it blank. Journal entries for trading investments The investments of Charger Inc. include an investment of trading securities of Raiders Inc. purchased on February 24,20Y7, for $437,000. The fair value of the securities on December 31,20Y7, is $575,000. a. Journalize the entries for the February 24 purchase and the adjustment to fair value on December 31 , 20Y7. If an amount box does not require an entry, leave it blank