On July 1, 2018, The Shepard Company purchased the following securities:

500 debentures (6% interest) of Tatum Incorporated for $520,200

690 common shares of Cook Ltd. for $167,400

4,000 common shares of Green Co. for $504,900

850 preferred shares of Frisbee Corp. for $76,500

2,000 common shares of Kelly, Inc. for $212,700

Shepard acquired 5% of Kelly's outstanding shares, 10% of Frisbee's preferred stock, and 8% of Cook's common stock.

Shepard's investment in Tatum's securities will mature in nine years. Shepard's acquisition of 24% of Green's common shares resulted in its owning the largest single concentration of stock held by any of Green's stockholders. On December 1, 2018, Kelly issued a 2-for-1 stock split.

At December 31, 2018, Shepard had the following data for the companies in which it had invested:

Investee Company Results for 2018

Market Value of

Total

Total

Shepard's Investment

Name

Net Income

Dividends Paid

In Each Company

Kelly

$5,030,000

$920,000

$258,300

Frisbee

4,010,000

870,000

62,800

Green

1,240,000

250,000

516,500

Cook

2,690,000

430,000

172,500

Tatum

3,370,000

680,000

618,600

Each investee company paid its dividend or interest in cash on December 31, 2018.

Record the journal entries that Shepard made with regard to its investments at December 31, 2018.