Reporting of and Analyzing Financial Effects of Investments in Equity Securities Blouin Company had the following transactions and adjustment related to a stock investment that is a trading security. 2018 Nov. 15 Purchased 10.000 shares of Lane, Inc's common stock at $17 per share plus a brokerage commission of $1,200. Blouin expects to sell the stock in the near future. Dec 22 Received a cash dividend of $1 per share of common stock from Lane. Dec 31 Made the adjusting entry to reflect year-end fair value of the stock investment in Lane. The year-end fair value of the Lane common stock is $15.50 per share, 2019 Jan. 20 Sold all 10,000 shares of the Lane common stock for $150,000. Required a. Prepare journal entries to record these transactions. General Journal Description Debit 2018 11/15 OX Date Credit 0 0 X 12/22 OX 12/31 Ox 0 0X 2019 1/20 Cash 0 x x OX b. Post the journal entries from a to their respective T-accounts. Cash (A) Investment in Lane, Inc. (A) OX OX OX OX OX Loss (E) 0X Unrealized loss (E) OX 0 0 0 0 Dividend Income (R) ny