Please journalize the following

PR 15-3B securities Stock investment transactions, equity method and available-for-sale OBJ. 3, 4 Glacier Products Inc. is a wholesaler of rock climbing gear. The company began operations 1 on January 1, Year 1. The following transactions relate to securities acquired by Glacier Products Inc., which has a fiscal year ending on December 31: Year 1 Jan. 18. Purchased 9,000 shares of Malmo Inc. as an available-for-sale investment at $40 per share, including the brokerage commission July 22. A cash dividend of $3 per share was received on the Malmo st Oct. 5. Sold 500 shares of Malmo Inc. stock at $58 per share less a brokerage commission of $100. Received a regular cash dividend of $30 per share on Malmo Inc. stock. Dec. 18. 31. Malmo Inc. is classified as an available-for-sale investment and is adjusted to a fair value of $36 per share. Use the valuation allowance for available-for-sale investments account in making the adjustment Year 2 Jan. 25. Purchased an influential interest in Helsi Co. for $800,000 by purchasing 75,000 shares directly from the estate of the founder of Helsi. There are 250,000 shares of Helsi Co. stock outstanding July 16. Received a cash dividend of $3 per share on Malmo Inc. stock. Dec. 16. Received a cash dividend of $3 per share plus an extra dividend of $0.20 per share on Malmo Inc. stock 31. Received $38,000 of cash dividends on Helsi Co. stock. Helsi Co. reported net income of $170,000 in Year 2. Glacier Products Inc. uses the equity method of accounting for its investment in Helsi Co. 31. Malmo Inc. is classified as an available-for-sale investment and is adjusted to a fair value of $44 per share. Use the valuation allowance for available-for-sale investments account in making the adjustment for the increase in fair value from $36 to $44 per share Instructions 1. Journalize the entries to record the preceding transactions