Record Christopher Corporations journal entry for each of the following events. After each entry, indicate the balances that will be reported on Christopher Corporations balance sheet at that date.

a. Christopher Corporation purchases 1,000 shares of stock in Alpha Company for $30 per share on July 7, Year Two. This investment is considered an available-for-sale security.

b. At the end of Year Two, Alpha Companys stock is selling for $25 per share.

c. At the end of Year Three, Alpha Companys stock is selling for $28 per share.

d. On February 16, Year Four, Alpha Company pays a $0.60 per share cash dividend to its

stockholders.

e. On March 27, Year Four, Christopher sells all of these shares for $36 per share in cash.