Requirement 1. Journalize the long-term, equity security transactions of Hayer Department Stores. a. Purchased 490 shares of Chang Fine Foods common stock at $31 per share (less than 10% of Chang's outstanding stock), with the intent of holding the stock for the indefinite future. (Record debits first, then credits. Exclude explanations from any journal entries.) Journal Entry Accounts Debit Credit b. Received a cash dividend of $1.10 per share on the Chang investment. Journal Entry Accounts Debit Credit c. At year-end, adjusted the investment account to fair value of $36 per share. Journal Entry Accounts Debit Credit d. Sold the Chang stock for $20 per share Journal Entry Accounts Debit Credit