Problem 12-3A (Part Level Submission) On December 31, 2015, Turnball Associates owned the following securities, held as a long-term investment. The securities are not held for influence or control of the investee. Common stock Gehring Co. Wooderson Co. Kitselton Co. shares 1,850 4,840 1.520 Cost $57,660 48,400 33.440 On December 31, 2015, the total fair value of the securities was equal to its cost. In 2016, the following transactions occurred. July 1 Received $2 per share semiannual cash dividend on Wooderson Co. common stock Aug. 1 Received $0.50 per share cash dividend on Gehring Co. common stock Sept 1 Sold 1.452 shares of Wooderson Co. common stock for cash at $9 per share. Oct. Sold 744 shares of Gehring Co. common stock for cash at $34 per share Nov. 1 Received $2 per share cash dividend on itselton Co. common stock Dec. 15 Received $0.50 per share cash dividend on Gehring Co. common stock Dec. 31 Received $2 per share semiannual cash dividend on Wooderson Co. common stock A December 31, the fair values per share of the common stocks were: Gehring Co. $33, Wooderson Co. $9, and Kitselton Co. $20. Journalize the 2016 transactions and post to the account Stock Investments. (Use the T-account form.) (Credit account titles are automatically indented when amount is entere enter for the amounts) Date Accounts and wplanation Debt July 1 Aug. 1 Septi Oct. 1 Nov. 1 Dec. 15 Dec 31 SHOW LIST OF ACCOUNTS