Prepare general journal entries to record the following transactions for The Elite Corp in its first year of operations: (a) On May 4, as a short term investment purchased 700 shares of Value Corp. for $70/share, paying a $500 brokerage fee. (b) On July 1, received $2.00 per share cash dividend on the Value Corp. shares. (c) On September 15, sold 500 Value Corp. shares for $120 per share, incurring a $500 brokerage fee. (d) The December 31 fair value of the company's short-term investment in Value Corp revealed a $2,000 unrealized gain.