please show all your steps! thank you in advance!

On August 1, 2018, Pukalani Ltd. purchased 1,000 Datawave Inc. common shares for $46,500 cash with the intention of trading the shares and using the fair value through profit or loss model. Datawave declared a dividend of $1 per common share, which Pukalani received on December 28, 2018. On December 31, 2018, Pukalani's year end, the shares' fair value was $49,600. A)- Prepare the journal entry to record the purchase of this investment on August 1 B)- Prepare the journal entry to record the receipt of the dividend on December 28. C)- Prepare the journal entry to record any adjusting journal entry required at December 31