Pharoah Ltd. had the following transactions pertaining to share investments. Feb. 1 Purchased 400 ordinary shares of Ronn ( 2%) for 4,800. July 1 Received cash dividends of 2 per share on Ronn ordinary shares. Sept. 1 Sold 200 ordinary shares of Ronn for 2,600. Dec 1 Received cash dividends of 1 per share on Ronn ordinary shares. Journalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No entry for the account titles and enter for the amounts.) A Date Account Titles and Explanation Debit Credit Date Account Titles and Explanation Debit Credit Explain how dividend revenue and the gain (loss) on sale should be reported in the Income statement Dividend revenue and the gain on sale of share investments are reported under in the incomes