Question 34 (6 points) Chamberlin invests in stock of other companies for trading purposes. Its accounting year ends December 31. Its investment activity during 2019, 2020, and 2021 is as follows: Purchased stock of Felton Company in 2019 for $250,000. Sold the investment later in 2019 for $235,000. Purchased stock of Denon Company in 2019 for $300,000. The investment had a fair value of $275,000 at the end of 2019. It was sold for $310,000 in 2020. Purchased stock of Everett Company in 2019 for $500,000. Its fair value and the end of 2019 and 2020 was $520,000 and $460,000, respectively. The investment was sold for $480,000 in 2021. Required Prepare the journal entries necessary to report the above events. For recorded gains and losses, indicate whether they are reported in OCI or in income. You may use the following format for your journal entries. Designate which accounts are debited or credited, include the account name and the amount. Debit: Interest revenue $400 Credit: Interest payable $200 Credit: Cash $200