Problem 16-5A The following securities are in Frederick Company's portfolio of long-term availa ble-for-sale secunities at December 31, 2017. 1.000 shares of Willhite Corporation common stock 1,600 shares of Hutcherson Corporation common stock 1,500 shares of Downing Corporation preferred stock $55,000 96,000 42,000 On December 31, 2017, the total cost of the portfolio equaled total fair value. Frederick had the following transactions related to the securities during 2018 an. 20 Sold all 1.000 shares of Willhite Corporation common stock at $58 per share. 28 Purchased 340 shares of $71 par value common stock of Liggett Corporation at $79 per share. 30 Received a cash dividend of $1.45 per share on Hutcherson Corp. common stock. Feb. 8 Received cash dividends of so.50 per share on Downing Corp. preferred stock 18 Sold all 1.500 shares of Downing Corp. preferred stock at $27 per share. Duly 30 Received a cash dividend of $1.00 per share on Hutcherson Corp. common stock. Sept. 6 Purchased an additional 820 shares of $10 par value common stock of Ligget Corporation at $83 per share. Dec. 1 Received a cash dividend of $1.50 per share on Liggett Corporation common stock. At December 31, 2018, the fair values of the securities were Hutcherson Corporation common stock Liggett Corporation common stock $64 per share $73 per share Prepare journal entries to record the transactions. (Credit account titles are automatically indented when amount is ente manually. If no entry is required, select "No entry" for the account titles and enter O for the amounts. Record journal entries in the t red. Do not indent order presented in the problem.) Date Account Titles and Explanation Debit Credit part.) amounts.) Debit