1. Present entries to record the following selected transactions of Masterson Co.

   Aug.	1	Purchased 600 shares of the 100,000 shares outstanding $10 par common shares of Dankin Corporation for $5,100.
   	1	Purchased 3,500 shares of the 10,000 shares no par common shares of Ramon Co. for $45,700. The investment was accounted the equity method.
   Sept.	1	Received a cash dividend of $1 per share on the Dankin Corporation stock acquired on August 1.
   	1	Received a cash dividend of $2 per share on the Ramon Co. stock acquired on August 1.
   Dec.	31	Sold 100 shares of the Dankin Corporation shares acquired on August 1 for $2,100.
   	31	Dankin Corporation reported net income of $30,000 and Ramon Companys reported net income was $50,000.

   If an amount box does not require an entry, leave it blank.

   Aug. 1
   Aug. 1
   Sept. 1
   Sept. 1
   Dec. 31
   Dec. 31