Reporting of and Analyzing Financial Effects of Trading (Equity) Securities Guay Company had the following transactions and adjustment related to a stock investment classified as a trading security.

2015

Nov. 15	Purchased 5,000 shares of Core, Inc.'s common stock at $16 per share plus a brokerage commission of $900. Guay Company expects to sell the stock in the near future.
Dec. 22	Received a cash dividend of $1.25 per share of common stock from core.
Dec. 31	Made the adjusting entry to reflect year-end fair value of the stock investment in Core. The year-end market price of the Core common stock is $17.50 per share.

2016

Jan. 20

Sold all 5,000 shares of the Core common stock for $86,400.

Prepare journal entries to record these transactions.