Prepare the journal entries to record the transactions described aboveOn February 1, Rinehart Company purchased 610 shares (2% ownership) of Givens Company common stock for $32 per share. On March 20, Rinehart Company sold 122 shares of Givens stock for $3,538. Rinehart received a dividend of $3.00 per share on April 25. On June 15, Rinehart sold 244 shares of Givens stock for $9,272. On July 28, Rinehart received a dividend of $1.00 per share.

Prepare the journal entries to record the transactions described above